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Politics : Formerly About Applied Materials

AMAT 307.43

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12:28 PM EST

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To: Gottfried who wrote (57190)	12/11/2001 3:18:47 PM
From: Kirk ©	Read Replies (1) of 70976

OT IBM PnF question. I've followed IBM (a core holding of mine) as an indicator for this current rally. It has looked really stong and I have put off taking profits until today due to technicals. here is a PnF chart stockcharts.com Peaky? Shorter term chart shows possible double top stockcharts.com I'm thinking of using a trailing stop at perhaps $121 in case the breakout continues then I can keep moving it higher. I woke up today with the plan to be happy with $120 so it is all gravey now. I want to sell about 10% of my shares after this very nice run (how I pay myself dividends from the commpany reinvesting in itself... I take them when the price is high) so I have cash to buy should we really get a test of the lows or worse. Do you have any suggestions? IBM was VERY strong at the begining showing "three white soldiers" right after the 9/21 bottom but no need to get too greedy. :) Thanks PS The good news is the last time I took profits in IBM was late 1998 ($85) just before the market had a fantastic gain. Take a collection here and I'll forget about the trailing stops and just sell. :)

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