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Politics : Formerly About Applied Materials
AMAT 230.17-1.4%Nov 7 9:30 AM EST

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To: Jacob Snyder who wrote (27531)1/5/1999 8:18:00 PM
From: jason  Read Replies (1) of 70976
 
Jay:

I also have some AMAT 40-50 call spread leap (Jan of year 2000) and a few shares of the stock, which I acquired when everybody dumped it last fall. Personally, I think you probably have sold your AMAT too early this time. In 1996 during AMAT's run from about 12 to 54 (post split), I sold AMAT way too early, and saw the stock to nearly double from its break-out point (~29 post-split). So who would say that this time around AMAT would not go through the same cycle again before it tops out at around 100? Personally I think the party hasn't started for AMAT yet. I won't sell my AMAT shares until those major Wall Street firms come out one by one to put AMAT on their recommended lists.

On the oil service sector, I agree that they are dirt cheap. But I tend to jump into things too early (e.g., TLK), and would sit on the sideline a bit longer this time.

Good luck investing!

Bluesky Qin
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