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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (4015)	3/20/1999 6:09:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Lars: " Nvls was undervalued at 53 and 54 in recent days probably because of their secondary offering in the market." Have to agree with MGJ that NVLS was undervalued at that price but only insofar as it compared with AMAT's stock price then. NVLS historically trades at a premium to AMAT. I think TER under $50 and NVLS slightly above $50 are good buys in this market in the large cap arena. With that said, the bookings in the last BTB -- especially at the front end -- are not going to do much to put these stock at record highs within the next month or so. The bookings were relatively flat but the big mo wants to see that sequential growth. Big mo has left these stocks for the time being.

To: Lars who wrote (4015)	3/20/1999 4:06:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Lars / Options Nvls was undervalued at 53 and 54 in recent days probably because of their secondary offering in the market. I decided the best way to play it was using call options. >>> What kind of spread? Are you self-taught? I bought 20 September 55 Nvls Call Options @10.5. It is just a straight position. No spreading is involved. No, I am not self taught. I have a phd in economics and I have spent much time, many a night, at the New York Institute of Finance over the years here in New York City taking every option course, being taught by top notch teachers who are in the industry, and learning from the traders in the class. When trading options having a very good background is not good enough. They must be thoroughly understood. There is no room for error. I also believe every investor must fully understand option theory to be sophisticated. The best books on the subject are from McMillian, Natenburg, and Hull.