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Politics : Formerly About Applied Materials
AMAT 329.07-2.2%Feb 10 3:59 PM EST
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To: akidron who wrote (16816)3/2/1998 10:46:00 PM
From: 16yearcycle  Read Replies (1) of 70976
 
Aki,

I was gone for a few days, but let me respond now.

I have mentioned to some of the people here in private mail that I would sell some amat and the others on the run that I expected would occur after the INTC e report. You can go back and see for yourself that I felt that the surge would occur then. I did sell some last week, and have about half of what I had on Dec 12. I still have over 15,000 shares of 4 equips.

I think that we could see the 20's again, but no lower than 25. I want this to happen because I will use heavy margin again at those levels. This time I will not sell as much on the next rise. I plan on holding about twice as much as I have now until amat is around 100 in 2-3 years.

Of course this is not the same opportunity that 1996 was! That was the 3 or 4th largest disconnect from reality in the market that I have seen since 1987. AMAT would have to hit the mid teens to be the same opportunity.

I don't consider myself a trader and I don't predict short term prices. But I do try to take advantage of periodic short term hiccups in the market. I am hoping one is starting now, I am not predicting it. I do know that I follow 100 or so companies closely, and one or two will cooperate with me soon. I hope it is a semi-equip.
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