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

To: Wildstar who wrote (28652)	2/27/1999 2:25:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Wildstar, You are not crazy; just following your instinct... as I did --- believing that there should be a bounce next week. ... But I bought a 10 Call In the Money Mar 45 with almost no Time premium left. I was hoping that if the stock bounces about 2 dollars and my Option appreciates 1 dollar then I could pocket 1K by selling it quick... I'm also a small time Day/Week Trader aside from being Long most of the time. With the stock down more than 20% from its All Time HI, there is not much downside risk. It's true the Mar Option has just 3 weeks to go but has a little or nothing to lose in Time Value. I can always Roll Over the Option later on if I need more time to profit from it. Of course even your Out the Money Option will go up in value as the stock bounces.

To: Wildstar who wrote (28652)	2/27/1999 2:35:00 PM
From: MrGreenJeans	Respond to of 70976

Wildstar, Smart Move The bond market has overreacted here at least in the short-term. Yields are way too high and will come down towards 5% once more. The government measure of inflation on Friday showed an annual inflation rate of 7 tenths of a percentage point the lowest level since Truman was in the White House. No inflation, no Federal Reserve move at least in the short-term. I loaded up in Amat in all my accounts on Thursday and Friday for a short-term trade. I am speculating you will see 65 or higher by the third Friday in March. Good Luck.