Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

-1.2%

Dec 31 3:59 PM EST

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To: Jacob Snyder who wrote (10358)	11/4/1997 5:53:00 PM
From: Paul V.	Read Replies (1) of 70976

Jacob, I agree with you except with one exception. I margined amat at $13.5 post split. So if you margined at the low end of the down turn it was a positive. Yes, I have come close to a margin call but never had a call. "Knock on wood." It takes a tremendeous amount of time to track and get into good stocks at their lows. I have learned to never margin a stock unless it is an excellent company and unless is down more than 50%. IMO, I would NEVER margin in a stock in its upward movement--the downside/upside risk to me would be just to great. The margin has worked out for me so far. I do not mind paying 7.25% on margin if I get 150+% return on my investment--plus the interest according to my CPA is tax deductible. My decision now is how long I hold before I sell. I have gone beyond 12 months so I am in the 28% tax rate for capitol and if I wait for April 8, 1998 I will be at the 20% tax rate. With the President/Congressional Election year cycle beginning in 1998-2000 the politicians IMO will prime the pump and increase the economy. Just my thoughts, Paul V.

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