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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Haugland who wrote (8146)	11/5/1997 1:21:00 PM
From: greenboy	Read Replies (1) \| Respond to of 13456

hiya richard. no bbs for you? i'm still trying to down load explorer. rudy, looks like atech's pick, amat might get the point this week. my intc is getting boxed around a bit, anyone pick qcom? rational software? the more i read pring's book, the more i'm nervous about the market. have you done any charts on the industrials and transports? i thought you had mentioned you needed to catch up on your indexes. just wondering. gb

To: Richard Haugland who wrote (8146)	11/5/1997 2:01:00 PM
From: Christopher White	Read Replies (1) \| Respond to of 13456

Richard, You have to love APM's high beta. About a week and a half ago I sold the Nov30c for 3/4, bought it back for 1/4 today...turned around and sold the Dec30c for 1 1/8. With the three covered call trades I've done on APM since earnings, I've made back 30% of my losses on my APM position - now if during the next seven weeks I don't get the opportunity to buy back the Dec30c for 3/8 - 9/16 and get assigned, I'll actually show almost a 1 point profit on APM - what a Christmas present that would be. If I don't get assigned and still have a loss in APM, I'll just sell out the position before the new year for a nice fat loss to offset a portion of my other yearly gains for the '97 income taxes. Christopher