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

To: uu who wrote (26997)	12/7/1998 6:32:00 PM
From: David Rosenthal	Read Replies (2) \| Respond to of 70976

Addi, Darn! Otherwise AMAT would most certainly hit $100/shr sooner (much sooner)than anticipated. FYI, Mike Burke continues to believe we are in the early to mid 70's, Gerald Ford is still the president and Jimmy Carter is running against him. And on top of that he thinks Gerald Ford will win too! If you follow Mike Burke's trading carefully he does very well with much less risk than most people take on. He trades options in a 90/10 portfolio where 90% is in money market earning interest. With the other 10% he is aiming for home runs with calls and puts. His put candidates are stocks that he thinks are potentially in for a big fall. He posts that many of his puts expire worthless but the ones that go out of the park more than make up for it. Even if all the options expire worthless he still has a portfolio of that is about 95% of its value at the end of the year so his risk is about 5%. And he has done very well this year with this small risk. To be fair you should not post his stock trades out of context. Dave