Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 318.63

-3.0%

3:59 PM EST

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To: advocatedevil who wrote (55710)	11/16/2001 12:59:03 PM
From: Robert O	Read Replies (1) of 70976

AD, As much you warn people not to try and follow your road to riches some may dive in anyway. Only as an alternative view (not to toot my own horn) let me display my true life scenario for a long below. Looks to me like key to your success is keep it short term and get out FAST if need be... I don't have the control so don't play that game. On 10/15/01 established rollover IRA with 62,398. Bought 1000 INTC 24.62 Bought 1000 CSCO 16.72 10/17/01 Bought 800 INTC 25.21 Bought 95 JDSU 8.85 Those trades invest the $62,398. Today IRA is worth $75,682.50 75,682.50-62,398 = $13,284.50 profit % return one month = 21% From Kirk's summary of AD's recent plays: Capital at risk Total=$114.5K Gain=$7.5K % gain=6.55 Not a bad half month's work! I had 1/2 the capital at risk but I'll divide my return by 2 for comparison to 1/2 month and get an 11% return versus 6.55. So simply buying and holding long was superior in this example ;-) There are SO MANY other issues (risk, timing, etc.) here but I just wanted to present a real life scenario for those champing at the bit to trade ST. Also don't forget I still hold my shares (even if this were a taxable account), AD is figuring his tax hit whilst I write <gg> RO

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