Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 225.18

-1.5%

3:59 PM EST

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To: Proud_Infidel who wrote (2729)	8/29/2002 11:09:36 AM
From: Kirk ©	Read Replies (1) of 25522

I often wonder at exactly that- how I got myself into this predicament after having near 1M in 2000. Not a day goes by that I am not humbled and feel like a complete idiot. You got there by taking above average market risk. When the market went against you, the number dropped faster than the market. People just hate seeing their net worth go down far more than the enjoyment they get from watching it go up. Now if you sell a little as it goes up and keep the cash in bonds or money funds, then use that cash to buy back when the next cycle comes along again, then you might feel better as you see less volatility... but it is just as hard to take profits on the way up as it is to buy stocks now. The only problems with that strategy is you have to make sure you buy back shares that will also come back someday. I tried to diversify with my "buy backs" after this bubble and bought into the telecom market with some of my funds... THAT was a big mistake! I did some with the tiny internet company I worked with and that worked out really well as the shares are up over the last 2 yrs and have had several large cycles to take profits in and buy back so I am getting close to even on those shares. Overall it probably balances out just buying back my AMAT and LRCX so I didn't really gain much this time buy some diversity... IF telecom ever comes back... BTW, EVERYONE is saying how terrible a month September usually is. My guess is they are selling in July and August to avoid September and thus we will get a surprise for them next month. :) Kirk

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