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

To: robbie who wrote (13144)	12/12/1997 3:14:00 PM
From: Lee Penick	Read Replies (1) \| Respond to of 70976

Rob, Good move. I think you will be liking that trade a lot in the future. Thinking ahead instead of hating the moment, I think its a good time to start thinking about what are reasonable valuations in the future, and when is it time to take profits, or possible pay for a little insurance by buying Puts to protect your downside. I'm new enough to AMAT I didn' have to take the 50 to 25 ride, but I did a similar ride on Intel. Having done the E ticket ride, I hope to be smarter and pay for my insurance next time. Rob, If you like AMAT at 26, what about selling Puts at 25, and collecting the premium, and maybe picking up some at 23? good luck, Lee