Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.87

+4.6%

Jan 2 9:30 AM EST

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To: akidron who wrote (9879)	10/28/1997 11:14:00 PM
From: Stu Bishop	of 70976

akidron, re: "my point was that at one time investors who bought at the low had a 4x profit now they have lost a good portion of that profit they want the co. to bail them out by buying back stock. this seems a little weak ..." I agree with you. In July, I thought the stock was rising too fast and would either drop significantly before going higher or just trade sideways for several months. Hence I sold half my shares at $39.75 mid July, primarily because after the nice rise I was too weighted in AMAT. Unfortunately I was too early (getting greedy, huh?), since it went on to $50+. Friday, I doubled up again at $31.5, buying back at 20% below my exit. Not the best deal in the world, but I'm pleased to add to my position in this fine company. Didn't the Hang Seng have a rally of 7% a few trading days ago, then fell anew? I hope we're not in for the same. I thought our markets rose too much today. Yes it's in the right direction, but it's a sign that the instability is still with us. I'd like to see things settle down. Good luck to you. Stu B.

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