Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 223.31

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Nov 13 3:59 PM EST

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To: robert b furman who wrote (125)	10/29/2001 11:44:13 AM
From: Kirk ©	Read Replies (1) of 25522

Trade ideas... I don't consider myself a trader since I don't use stops. Reason is I enter my "trades" where I like the stock for a long term buy but designate the shares as "traders" for the short term. I got about 20% return in my HWP retirement account doing this one year when the stock was basically flat... but I have not been so lucky this year with Agilent. With that said... I've been looking at Intel and LRCX as two to try for a trade LRCX under $20 to buy and sell/take profits at ~$30. I see $13 as perhaps a hard floor where I want to have money to buy no matter what happens. Intel... maybe buy at $22 and sell at $30 (less volatility) $18 seems possible on a test of the lows where it could go lower... AMAT: Old support at $39 is now resistance. Buy low $30's and take profits if we hit the resistance. IF we break the resistance and close over $40... Anything under $30 is a time to start really buying and I think $25 is a real hard bottom. Breaking above any of these highs could be very bullish so I'd use stops when near the resistance so you don't sell unless it looks like it turns to come back down. I'm told to use mental stops so the market makers don't run your stops just to get your shares before going higher. Of course, this is just fun speculation...I'm not a good trader but I'll sure add at the very low, lows for these stocks. :)

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