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

To: Mephisto who wrote (37784)	10/3/2000 8:45:27 PM
From: Alan Siegal	Read Replies (1) \| Respond to of 70976

Does anyone know if other small investors hold their ground? Well, I can't speak for others, but I still have the all shares I bought in the spring of '96. I have added a few times, mostly on downslides (always too early), but it's still a 2+ bagger. I'm getting ready to buy some more again, since the longer I am involved with the company (and others in the industry), the more I am comfortable with the idea that these folks are not lightweights. (I have sold on upswings my positions in what I now perceive to have lightweight management: GSNX, FSII. I also sold UTEK at a loss since I feared that I had misjudged the CEO's competence, and that I had might as well cut my loss and lick my wounds.) Anyhow, I'm 48 years old now, so I think the next run up will have to be the last for me. If it takes 10 years, I'll just be retirement age. If it's only 5 years, I guess I'll wait for another trough and put in part of the gains; but I can't keep the whole thing in any more. If I were 30, I'd stay in until I think silicon is going to be replaced. I think a 2+ bagger (down from 5) is pretty good for 4 1/2 years. Using the rule of 72, it takes 10 years to double at 7% (assuming you pay the taxes with outside money, and that you can get 7%.) ** BTW, those periods are conservative, aren't they? Seem to have had 3 big peaks in the last 5 years, -Alan N.B. I have been called a dangerous idiot by at least one person on S.I.

To: Mephisto who wrote (37784)	10/3/2000 9:31:53 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

still holding and will continue, I am only 46 so I have time

To: Mephisto who wrote (37784)	10/4/2000 12:06:12 AM
From: Kirk ©	Read Replies (2) \| Respond to of 70976

Small Investors: Does anyone know if other small investors hold their ground? I read a piece in the SJ Mercury news recently that said that the small investor is much smarter than the institutions. Institution money managers get fired for coming in last so they sell into weakness so they don't get stuck with the lowest performance when snapshots are taken. The article had a good study that showed that there was higher volatility in stocks with high institutional ownership indicating they went in and out more. Even notice how once institutions dump a stock, such as UTEK at one point, then bad news really didn't move the stock any lower? I've seen this for other stocks as well. I was starting to think you look for stocks that still have bad news but don't go down. THis means institutions are out and the stock should only go up once they start to buy again. FWIW... They still like to make fun of the "unsophisticated individual investor" but we usually win in the long term if we are not the type to sell in panics and buy when stocks are hitting new highs...