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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: Jacob Snyder who wrote (41921)2/8/2001 2:26:31 AM
From: John Trader   of 70976
 
Jacob, I like your investing style, it is much like mine at this point, although I failed to use this strategy well in 2000 and got hammered as a result (did not sell enough). I firmly believe that going against the crowd is about the best way to make money short term in the market, and it works long term as well, just a bit more tricky (e.g. may be a long run up before a stock gets too overbought, and hard to call it). I am not sure if this is true, but it seems that the markets are getting more volatile with time, and if so, this is another reason to stray from the buy and hold approach in this manner. The key to going against the crowd short term I think is managing your emotions well, i.e. using logic when others are influenced too much by fear and greed. This is per the "Mr. Market" analogy in Benjamin Graham's famous book, "The Intelligent Investor".

John
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