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

To: Big Bucks who wrote (10992)	11/13/1997 10:24:00 PM
From: Steve Byers	Read Replies (1) \| Respond to of 70976

my broker really believes we will retest the lows of two weeks ago... not necessarily in a week, but in the next month or two... and thinks we will be able to buy amat cheaper then and has begged me to keep powder dry... which is why I bought the nov 30's and 32.5's rather than plunking another 100K down on the stock... instead, put up less than 20K on the Nov options as the cheapest way to play my bet... who knows, it could also turn out to be a very expensive way to play too... we'll see...to me, Iraq is a potential wild card, the UN, Clinton, the middle east, after todays guilty verdict on the world trade center bombers... banks in Japan (which he is very nervous about... and he knows this sector well)... we'll see