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To: kdavy who wrote (8020)	2/26/2004 11:26:00 AM
From: Susan Saline	Read Replies (2) \| Respond to of 13403

OT Some call it the fear/greed factor Fear of missing out mostly ... we are all guilty of that at some time One thing I like about the boards here, is getting input. The people on this board are good people, This thread is good for getting a view of a position and is often good to talk about before jumping on/off the train What dif (unless one is scalping) does it make to enter a position ... now or 20 minutes later .... better to get some opinions first? Course even if you do get opinions they can all be wrong too AMAT is a good company with profits? Only if one thinks the economy is done being revived should one exit a losing position in a good company .. is my view, right or wrong.

To: kdavy who wrote (8020)	2/26/2004 4:26:38 PM
From: Sam Citron	Read Replies (2) \| Respond to of 13403

Please somebody spank me. THWAAK THWAAK, kdavy! I could not help but notice that big options bet with only 7 or 8 hours of life in them right on the heels of the earnings release. All day Friday I was expecting you to sell them for what little was left of them. But instead just silence. All weekend and into Monday, I expected to hear you come out and talk about it. I know it's hard. if you see me post some stupid (emotional) trades give me time out OK, Time out!!! I think all trades are stupid. Short-term price movements are pretty much random IMO. There are so many conflicting cross-currents both bullish and bearish. You may be 100% right as far as the fundamental strength of the company is concerned but there are just times when the prevailing winds are just not right. Caution is always in order. You basically flipped the dice and you lost. All the evidence I have ever seen suggests that it is extremely difficult to time the market. AD was one of the best scalpers that I have ever seen and we all saw what happened to him. We all know what happened to Jesse Livermore. So why speculate when you can be an investor instead? I think that there is an entire generation who does not even understand the difference. Their only concept of investment is to outsource their life savings to so-called professional managers, who are mainly mo-mo mutual fund operators, and who play with a few stocks on the side for fun and action. Follow Cary Salsberg's example. Invest long-term in quality companies that you know. The tragic thing is that your basic impulses are probably correct. Eventually the market will come to its senses and AMAT will trade significantly higher. I think you have now internalized the important reality that options are a short term lottery ticket. Stay flexible. Use time to your advantage. If you must play options, look into alternative strategies like covered call writing (generally more profitable to sell than buy lottery tickets) and selling naked obscenely cheap puts on companies that you would consider it a gift to be able to buy the stock at the strike price and be paid rent for your willingness to buy there. I am mainly talking LEAPS here. There is not enough premium in the shorter options to make this a feasible strategy after commissions. In the unlikely event the shares are exercised, have the patience to sit with them until sanity prevails once again. It always does, eventually. <g> Sam