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

To: akidron who wrote (17697)	3/14/1998 1:32:00 AM
From: dave g	Respond to of 70976

Long-term bull but waiting for 20's: I bought AMAT almost a year ago. Saw the fundamentals looked good but kept waiting to buy on a dip. Gave that up and ended up buying at 67 (pre-split) -- took a long-term approach; as it rose to 100+, I felt it would fall, but why pay capital gains tax and then try to time re-entry? I still feel AMAT has a great future and I don't mind that I don't have any profit yet. Actually, I made a little money with AMAT by selling puts, getting put, selling covered calls (on the short-term holdings), and then getting called. The net was pretty good and my margin was only tied up for a couple of months. I just closed out (profitably) an open put position in Oracle and was looking to put my extra margin to use for the last week before March expiration. I considered selling AMAT 32.5 puts but instead took 7/16 for Compaq 25's (3/8 out of the money). My feeling was that Compaq has already been beaten down pretty far, whereas AMAT can still take a fall. I'll stay away from AMAT puts at this level but would sell a conservative long-term holding (Mobil) to invest more in AMAT if it goes down to 27-28. Just wanted to contribute my two cents... Dave.