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Politics : Formerly About Applied Materials

AMAT 268.79

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3:59 PM EST

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To: advocatedevil who wrote (57296)	12/12/2001 9:13:57 PM
From: Robert O	Read Replies (2) of 70976

partial ot AD Bet you didn't know my pen name was Tish Williams. Your article find was the response to your (rhetorical) question. I'll tell you (all) here a funny story about risk taking and real time versus paper play--since others have shared real time action and I've learned a few things from it. When you win (or more likely) lose REAL money it affects people emotionally in a way that can only be learned/felt real time. I had made a great play (posted earlier) in getting flat then shorting the telecom days back. As a goof on Monday since I was all cash decided to grab a few thousand shares of INTC very near close just to add a few hundred profit ya know? Well I was watching it tick for tick and immediately jumped out when 2000 naz support broke and so did INTC. That fill, while all the mo mo guys jumped out, cost me .20 or $600. Well I never! So in last 5 mins. I jump on again with same 3k shares and it starts to move down after a small upswing which I grabbed onto since regretting my earlier bail out. That little regret play cost another 600. THAT series prompted me to put 300 on mon. football and for you fans it was Miami giving points and the under (46). Any who saw witnessed a last second bizarre play in which the team that had BLOWN out its opponent almost by mistake scored in last seconds blowing my 800+ win turning into 300 loss. (Of course this fantasy 'bet' was with a friend for 300 'toothpicks' thus kosher ahem is this on?) THAT sequence of events lead to me opening up FED Tues. on all emotion. Forget that it was only a 300 loss, may as well have been 5k I was cheated, no? After market open up I don't care, INTC is running, I don't care. I buy 5k shares after its already up .30. 170k at risk to get back 300. Then I tap IRA for 85k after INTC is already up .50!Logical? Well, I was playing the almost certain pre fed runnup then sell the news scenario. This story ends well as I put in stops (tight ones!) just before Al does his dance. Nifty .50 bang and I'm good 2.5k for the effort and a freebie 850 in IRA. Qtr. million position (plenty of margin used) for 3.3k profit. All emotion driven. Thoughtful gambling you say, so be it. Now, imagine all the stories I don't post! That's when emotion can kill you. I used to chase after losses like Mike Tyson on prison release with the ladies! Hell bent. In the above scenario I would have bailed with no more than say a 1k hit but that took years just to learn that restraint. Real time wins and losses, there's no other way to know thyself. Speaking of INTC today's action was surprising. Take a look, it fits your high action high liquidity needs. Seems like there is a half a point both ways twice a day. Even if not a mo mo day trader plenty of double dipping possibilities, same side of position. I'm keeping a close eye to see if it can really sustain this upside action all week. Go Bears! <g> RO

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