Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Bill F. who wrote (55015)	11/2/2001 11:28:30 AM
From: Kirk ©	Read Replies (1) of 70976

This is often the reply one makes when their record over a similar period is poor in comparison: you have confused a bull market with brains perhaps...sept of 98 was the start of the blowoff to the biggest mania in history...the decline from the peak is far from over.... I asked you for your record over a cycle and you replied with a cloaked insult. I'd prefer to get away from the insults now that it seems my squirrel and nut comment was accurate in your case. The simple fact is the market has gone up and back and I added value on a portfolio that can be measured. How many can say that? What happens in the future nobody knows for sure but many bears have been calling for doom and gloom for a long time. ive been manging money since 1982 Good for you. What is your record over that period? If it is good, I might pay attention to what you have to say. Do you have a published portfolio over that period? I've been investing in stocks since 1979 when I graduated college. Bought a strip zero in 1984 (at about 14%) and sold it in 1993 (maybe 4% rate)when the experts were going nuts buying bonds before Orange County blew up..... DCA'd into tech stocks that I thought had good value all through the 1980's and I have a nice return well in excess of the S&P500. In the 1990's I started to buy higher octane tech stocks and have done exceptionally well buying AMAT and LRCX when cheap and taking profits out when expensive. More money out than put in originally so say what you like, I add value. In 1999 and 2000 I was a net seller of tech (early by 50% as many here can tell you) and was adding bonds (more stips that I just took profits in yesterday for a 50% gain!), banks and cash plus diversifying my tech holdings some. I'm down YTD in my PUBLIC portfolio, but much less than the S&P500 which is my yardstick. My thoughts on the market are much in agreement with Cary who does and writes about it very well. Try to add shares and lower overall cost... take profits when high and buy when cheap. I get a kick out of you bears that preach doom and gloom and accuse us of confusing brains with a bull market. I've pulled and spent more cash out of the market the past few years than I invested in a lifetime so I'd be ahead if the market went to zero. Many of the regulars here do much better. Maybe you are right and the whole market will crash. It is good to have people think that otherwise stocks would go straight up and eventually reach a silly valuation.

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