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Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (38872)	10/26/2000 10:34:08 PM
From: Kirk ©	Read Replies (2) of 70976

Good point, but remember a 50% bear needs a 100% bull just to get whole again. Taxes erode the gains even if you are good. I like being 100% bullish (i.e. long term) with the majority of my portfolio and then sell 15% or so after I get an 8 bagger so I then have more dip buying funds. I hit that 8 bagger in LRCX last Dec in shares bought in '97 and '98 and hit it in Feb with AMAT that I bought back in '96. The strategy was I took out 150% of original investment at these points and then wait for good times to buy back. I sold too early, but didn't want to be greedy and lose the 8x gains so I locked them in. I was ALMOST ready to sell more when we rolled over....horse shoes and hand grenades! I have only put about 30% of those funds back in and am holding for lay-off level prices to put the rest back in. IF you can get close to a low, you can get an 8 bagger in a cycle or two and that is good enough for me! Of course, am always looking to improve.

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