Formerly About Applied Materials Message Board

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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: Tom Kiesel who wrote (33926)	1/30/2000 11:56:00 PM
From: Donald B. Fuller	Read Replies (2) of 70976

I too am an AMAT buy and hold forever type. I load more shares when it tanks (loved the 1996 swoon and the Asia crisis for that) but regarding selling - they'll be prying my shares from my cold dead fingers. Using that basic approach, I have about a 500% AMAT return since 1995 with zero taxes paid. A volatile, boom-bust cycle type company that dominates its industry group, that you absolutely know is a long term winner, doing its volatility thing about a constant 20%/yr rising trend line, is a beautiful thing. Personally, regarding the sell half after it has doubled comment - I'd still be pissed if it then quadrupled instead of doubled. Volatility is good. Of course this philosophy only applies if you aren't betting your rent money on the stock and do not buy it on margin.

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