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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: Henry D who wrote (50743)8/17/2001 4:14:57 AM
From: Tito L. Nisperos Jr.  Read Replies (2) of 70976
 
Henry D, like Robert said, it's hard to use Short-term options. Just like I did in my Demo: --- instead of buying Jul 42.50 and 45 when the stock was above 50, should have bought Oct or Jan or LEAPs, so as not to have lost close to 10K. The remaining 900 dollars used to buy Aug 50 Calls is bound to be worthless today at the close.

Waiting for the Paid Analysts Calls or their eyes to open is worse --- you're bound to be left behind entirely. Like those I mentioned in my last Post --- who were saying Sell, Sell, Sell and buy AMAT in the 10s --- how many of their followers were talked-out of their fine AMAt investments? I shudder to even think of them. Many times in the past, mentioned also how, in 1996-97 a Guy in his newsletter urged his readers to sell AMAT at 22 then 40 points to the upside later --- he urged them to buy at 62!

I don't know of anybody who is a consistent good timer (probably God).

I make mistakes all the time, but always manage to come back due to persistence in my part.
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