Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Big Bucks who wrote (13008)	12/11/1997 7:38:00 PM
From: 16yearcycle	Read Replies (1) of 70976

BB, In response to your question, I hope to be able to hang in and not sell until well past the previous highs of mid 50's. I had lightened up a bit in early sept as a direct result of Buffett buying long bonds. I posted here my annoyance with the bullish attitudes put forth, and the lack of a good plan for when to sell. I had no good plan to offer either and only sold about 20% of the semi's. I had no idea about the potential for this kind of setback so soon, nor can I imagine how Buffett could have timed this so brilliantly. As I said I bought twice on the drop until now.My position is much larger and less liquid than I would like. From your posts I can tell you know what this means: their will be pressure to reduce the position on a quick move up.And to feel great pain on a further drop because digging in the pockets deeper will be hard to do. So, I will try to hang on now and hope for a mid 30's price to lighten up a bit( 15%). I will not hope for a further drop because it will now be quite hurtful. At 20 I will buy every share I can get. I expect the next move up to be SAFER<G>. The ramp up to 2000-2001 will be much closer when the current over supply drops in 6-12 months. If the demand/supply equation doesn't turn until the beginning of 1999, these stocks really should be like rockets just p[rior to then and extending for about 2 years or so. An e goal of $5 and a price of over 150 should be possible by 2001. I wish the market would now shut down and bidding start again on 1/1/2001.<G> Gene My opinions only.The stock market is very risky.

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