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Politics : Formerly About Applied Materials
AMAT 284.31+5.8%Jan 5 3:59 PM EST
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To: Math Junkie who wrote (24159)9/11/1998 9:55:00 PM
From: akidron   of 70976
 
Richard, last time I bought at $26 & 27 (13 & 13.5 at todays post split prices) and sold at $100 on a stop-loss when I first got worried about asia (august last year) and I couldn't face loosing my profits on a carribian holiday. On the way up I also compounded my profits buying calls. On the way down I played a couple of minor rally's and broke a little better than even on putts. I have never made $$$$$ like I made on AMAT's run up, so I am extremely concsious of not missing the boat. BUT I am a strange beast. I make micro decisions based on a macro view. That view tells me that there is a chance that we will slip into reccesion, and a smaller one that a depression is coming. It is not yet inevitable, but the likelyhood is strong enough that it does color my view of what is a cheap stock, because in a melt-down little is left standing. I'm nibbling at the drillers because I think they're cheap and a decent play on global instability... in other words a hedge. Playing pfizer, because I thought $95 was a good price, as sex is cheap entertainment, even at $10 buxxx a pop, and because the insitutions have been flocking to it, bought mtsn because it's either going bust or it'll be sold, and I'll take my chances, and I bought MOFN because I sold it north of here and one-day someone will realize it's a internet stock.... but why buy AMAT when it lacks the one thing a stock absolutely needs in a no growth enviroment .... growth.

FYI i've got "Sometimes it hurts" by aretha on repeat... soooooo gooood
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