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Politics : Formerly About Applied Materials
AMAT 226.08+1.2%3:59 PM EST
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To: Tito L. Nisperos Jr. who wrote (34851)5/22/2000 9:14:00 AM
From: Tito L. Nisperos Jr.  Read Replies (2) of 70976
 
Only for those who continue to follow the exploits of the AMAT StairCase Construction Workers:---

As we expected, the Landing Phase (trading range) continues. We surely Miss the Riser guys who are vacationing somewhere, the Guys who are going to lead the pack in building the next section of the StairCase above the Landing. The 2-step Landing (95 and 110) is 3 months old now since mid-February... Last year the Landing lasted 4 months from mid-February also.

Anyway, as we are supposed to be Patient because we understand how AMAT moves in YoYo fashion, I know most of us are taking advantage of the better than 25% discount in AMAT's price to add to our AMAT LEAP investments.

Remember we don't need too much money to invest in LEAPs. As I demonstrated in the past a 5K investment could easily turn into a 100K investment in a year --- if done right. We don't need to wait for AMAT to decline 50 to 60% in order to realize our goals. Buying at 10 to 30% discount at this Landing Phase and systematically "selling Some on the Rise to have Some cash to buy on the Dip" will do the trick in averaging down our Cost of the LEAPs.

Greenspan can not keep increasing Interest rates forever. Sometime, as the election nears, he has to get out of the way.
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