Silicon Investor (SI) -- The First Internet Community

To: Robert O who wrote (843)	5/3/2012 11:28:17 AM
From: robert b furman	Respond to of 2128

Hi Robert O, You are sadly correct. I've not owned Amat till now ,but have felt the pain over on the Amat thread. G has been motivation with regards to my re beginning to trade options. My best successes were with selling puts on Orcl while Orcl was depressed and in the 10-12 range. It was s afe buy at that depressed range and it offered up some very good capital gains. Amat is depressed and every March it has increased the dividend by one penny. If that repeats next year it will yield 4 % plus what I can nickel dime every month on selling puts and calls. It is trading with 15 cents of it 200 sma and I'm OK with buying it below 11.00. So this is a training ground were hopefully the dividend gives me some support and my tuition won't be too extravagant. G is making me do it - so I'm blaming him.LOL Bob Thanks for your opinion it is well founded. I'm just playing conservative and trying to learn a new skill.