Bought AMAT today (stock, not LEAPs).
I sold my WCOM (wipes out about 1/3 of my cap gains for the year), and put 20% of my money into AMAT at 40. I'd post this on the AMAT thread if it (the thread, not the stock) was up.
Haven't decided whether this is a trade or an investment. If we bounce quickly to 50-55 in January, and stall, I may sell for a quick profit. Then again, if we keep bouncing at 40, I may decide that is the bottom, and hold longterm.
I still think there is some chance of getting LEAPs when the stock is at 27-30. But I am very impressed that, with this market selloff (capitulation?), and the bad news on chip demand (nobody giving PCs for Christmas), and numerous indexes/market leaders breaking support, that AMAT was still (so far, the day ain't over), able to bounce at (almost) 40.
Anyway, I'm in. Hope I'm not early. |
