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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (17502)3/12/1998 1:15:00 PM
From: Paul V.  Read Replies (1) of 70976
 
Tito,>When many of us are waiting to buy in the 20s or 10s, the others of us are buying in the 30s in anticipation of the run-up to 60 and the 100s later (a 10 point decline from 30 isviewed as an unexpected bonus to take by buying more)...Then when, in the 100s, many of us (including myself) are looking ahead for further gains (and the Earnings arrows are Up)---that's the time to be selling...History may not exactly repeat itself but it can help us make a good guess of the future...<

You are right on! It appears that your statement is just what is happening. We have to ask ourself, "What is the upside/downside of buying or selling at this point vrs the risk of not buying or selling at this specific point?" Your above insight in my opinion is very appropriate. Since I am in 98% with a tremendeous gain from when I purchased AMAT in Oct. 1996 in addition to being even margined at $16 rate there is not much risk for me to wait. I only have $5500 available. Tito, the hardest part for us in the future is going to be the time to sell in this cycle. I will be in the 20% tax bracket at that time. I am going to let the BP 10week moving average an Sector charts have the greatest weight in my decision-making process. Naturally, our discussions will also have some weight.:)

Just my opinion.

Paul V.
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