Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

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To: Proud_Infidel who wrote (14815)	1/18/1998 7:28:00 PM
From: Big Bucks	Read Replies (1) of 70976

Brian, I think you shouldn't worry about the high priced basket right now, concentrate on the lower priced basket bought in the low $30's only. I might be tempted to make 2 (50%)sell trades with the lower priced shares bought in the low/mid $30s and set a price point at 25%-35% from my cost basis if I suspected the stock may drop again thru the spring and keep a cash position waiting for the drop if it occurs to scoop up more shares at potentially lower prices. The other 50% you may want let ride and enjoy the longer term gain benefits if it goes into the mid $40's+. If you sell early you will make pretty good return, but may not maximize the longer term potential that you might enjoy if you let it ride until it achieves your upper target price. I like to think that an investor should target 50-100% gains per year by "riding the waves" and knowing when to get on and off. I try to set upper and lower targets and make my move within 10% of either extreme if I can. It doesn't always work perfectly but the returns have been exceptional. WITH AMAT TIMING IS EVERYTHING I'm in somewhat of a similar situation and will be taking profits at $10+ gains on about 50% of my low basket to give me some additional cash position in the event of a future drop. The other 50% I will hold until I achieve 100% return on the origional investment and will then turn it into a cash position for future bargain trading. My high priced basket is more of a long term play but I will take 25-50% gains if they are available and go back into cash to catch the bottom of a wave when I can. This is a dynamic environment (this year) and I may be able to make several moves in and out (hopefully). My target goal is to make 100%+ gains this year by getting on and off as the opportunities afford themselves. Nice thought, huh? Happy surfin', BB

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