Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 332.56

+4.1%

Jan 27 3:59 PM EST

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To: Jacob Snyder who wrote (46503)	5/9/2001 10:08:20 PM
From: advocatedevil	Read Replies (2) of 70976

ST Trading: Jacob, I must admit that I'm tempted to begin trading in both directions. I have also been considering initiating a short-term long position. While this range appears to provide some support, I'm not convinced yet that it will hold for much longer. I'm certain that as soon as I make the play, AMAT will break back through and return to its previous trading range. RE: "I'm thinking about going long soon on AMAT at 50. But when do I sell? " For the moment, here's how I might play it: Buy at 50 with a stop-loss at 47, sell at 55 (or) try to let it run to 57, then re-set the stop loss to 55 and see if it runs to 59, then sell. (Keep in mind that I'm happy with 5-10% short-term trading gains) AdvocateDevil

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