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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%Nov 26 3:59 PM EST

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To: geof who wrote (33069)11/6/1999 1:24:00 PM
From: Donald B. Fuller  Read Replies (1) of 70976
 
>>I was burnt in 97>>
I bought my opening AMAT position very near the high in 1995, so temporarily felt the same way. Then I bought virtually every dip between 1995-1998 and now have a nice quintuple in what has become my largest holding. Only short term traders stand any risk of getting "burnt" by AMAT IMO. I'll continue to buy any major AMAT dip. The Asia meltdown was great. If you buy the dips of a company with a long term 20%/yr rising trend line and have a strong stomach, how can you lose? FWIW, I think it still has a ways to run on this cycle. The price per share of AMAT relative to the last quarter's earnings is still cheap by comparison to many other tech companies.
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