James, James,....
Bob did not recommend AMAT. He said there were good values in some of the semiconductor capital equipment manufacturer stocks and named AMAT as one. That is very different from a "recommend buy the stock." In addition, the post by don lane, who listens to BB carefully I think, remarked that AMAT is a trading vehicle. That means you gotta learn the pattern: What is it's trading range? What are the underlying fundamentals that drive the longer term cycles in it's price? How do the institutions currently view the stock? Etc. If a person doesn't follow all that, then s/he will get killed trading in and out of a stock. (It also takes guts of steel, or at least some brass. Or, you just have to think, "Hell, it's only money." That's really all it is, anyway.)
Brinker has NEVER recommended to his listeners that they become traders. He used to talk about his trades, though. This was educational to those of the public who were interested. However, because of ignorance and some people's lack of willingness to take responsibility for their own actions--people who'd rather blame Brinker if a stock they bought went (heavens!!!!) ..... down--he stopped discussing his trades. I think that is too bad as the interested public could have learned a lot about that aspect of his thinking too.
If someone wants to learn about AMAT, there is a very good thread on SI on that company. The level of discussion there is very rich--sniping is rare and some extremely knowledgeable people participate.
I own AMAT. And I'll buy much more once it begins to drop some more. I'll really load up if it goes into the low 20s and will rob banks to scrape up cash if it goes into the teens.
Regards from Lotus Land,
David Todtman
Vancouver Island |
