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Politics : Formerly About Applied Materials
AMAT 268.17+0.1%3:59 PM EST
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To: Proud_Infidel who wrote (12855)12/10/1997 4:29:00 PM
From: 16yearcycle  Read Replies (2) of 70976
 
Brian,

The silly thing about these discussions is that the bears admit they would buy around 25 or even higher.AMAT hit 30 7/8 today.

My strategy is to get a better than fair price on an equity. If you try to grab a bottom, you will lose opportunity after opportunity.This is a particularly effective way to do things in a market that is going up.

The disciplined bear will do very well, because he will stick to his plan of buying at 25, and then even more at progressively lower levels. But the stock has to cooperate and get there.

Those waiting for lower levels will deal with several issues the long term holders will not.

As the price sinks they may jump earlier than they wanted to. This " itchy finger" tendency will come back to haunt them as the price drops further and they think about selling to buy in lower.<G> It will be a blast watching the posts. If the price appreciates quickly, they will sell to book the profit, hoping to get in lower again, but then the price keeps going.

Another problem is the investor who lowers his price as the price drops," it got to 25 easy, I'll wait for 20" We will see a lot of that in the next few months.

For the record, I'm waiting for 150, and I may not sell then.

Best of luck,

gene



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