Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 3:59 PM EST

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To: advocatedevil who wrote (55045)	11/2/2001 2:04:58 PM
From: Jacob Snyder	Read Replies (1) of 70976

ST trading: I have a limit sell order at 40. If it clears, I will buy back, beginning at 35, and equal-$ lots every 2.5 points down from there. Since I'm sitting on 10% cash now, and am willing to use margin, I could and would buy AMAT all the way back down to 27, if that happens (small likelyhood). That would essentially double my current position. AMAT is currently 13% of my portfolio, av. cost 30. I won't be shorting AMAT at 40, even though I think that'll be strong resistance, as I think there is a good chance we are early in a partial re-inflation of the Bubble, and I am not going to stand in front of a stampeding herd of hot momo money.

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