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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (35356)	5/26/2000 2:32:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

tito: you said: as a consolation for us AMAT LEAP Investors, if and when AMAT discounts 50 to 60% again --- well, what can we do but accept our Fate of having the opportunity to profit tremendously again!... That only works if the investor did not load up on the 10-20% dips. The hardest part about buying at the bottom, is managing to still have cash at the bottom. Seeing an opportunity, and not being able to take advantage of it, is not much fun. I will not consider buying AMAT LEAPs unless the stock gets considerably lower (50s or low 60s). And I will only buy 2003s. And, as before, I will take profits on the way up. This is a high-risk-high-return strategy, and the risks are higher now than in Fall 1998, because we are further into the cycle, and valuations are higher.