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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: orson sanderson who wrote (10245)	11/2/1997 1:32:00 PM
From: Steve Byers	Respond to of 70976

at this point I probably have 20% cash and I'm NOW not margined... got out of margin positions the friday before the crash (correction), just lucky... was going to be in NC visiting my kids for parents weekend at college, and didn't want to worry about the market and didn't want to be running for a paper/business sections whhile there, nor be exposed to a bad Monday open in HK which I thought could spill over here, but NEVER would have guessed that I'd be so lucky and BOUGHT back in half my position late monday and early Tuesday around 10:30 am..... and I WAS margined to the max then... significant money comes in in Jan... plus I have nearly 100,000 of premium taken in that I'm not counting, so after the nov options expire, depending where I wind up in held/lost premium, I could be a buyer, but most certainly a seller of dec puts... 10% out of the money... good way to take in cash OR buy in via being put the stock... I'm selling more nov amat 32.5 puts tomorrow as well as nov intc nov 70's (puts)... good luck... I AM bullish bye the way, just think it'll be choppy here and want to save some buying power