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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (9250)	8/25/2004 9:51:33 PM
From: kdavy	Read Replies (2) \| Respond to of 13403

Nancy: I only see a total of 5010 '07 20 leaps both on yahoo and schwab trader. I will watch for nvls announcement and take that into account. Here is my logic for buying amat 07 leaps. The leaps by themselves is not the buying plan. I will use them to acquire stocks. If I buy 10 amat 20-'07 leaps say for 2.90. If the amat goes up I will make money. If amat goes down, let's say to 11 within next two-three months, the leaps will be worth 1.80 or so (the curent price of amat 25-'07 leaps). I will be down 1.00 dollar ($1000 dollars for 10 contracts). At this stage, I will buy 1000 shares at 11 and buy back the leaps at a dollars loss. Then just wait for a year to two years and hold the stocks. This way I don't lose the upside in either case. What is wrong with this scenario. Thanks. kdavy