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

To: Tito L. Nisperos Jr. who wrote (37935)	10/6/2000 3:35:45 PM
From: Gottfried	Respond to of 70976

Hi Tito, >What I notice also thru the Posts in this Thread is that one who buys lower or at the bottom tends to sell way much earlier than one who buys much higher< It makes sense to hold for a profit, so the higher you bought, the higher the stock must go before you sell.<g> Gottfried

To: Tito L. Nisperos Jr. who wrote (37935)	10/6/2000 6:06:18 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

re: "What I notice also thru the Posts in this Thread is that one who buys lower or at the bottom tends to sell way much earlier than one who buys much higher." True. People with a sceptical attitude (like me) are more likely to wait till the real bottom to buy, but we are also more likely to sell a long way before the top. I will admit to being astounded at the valuations AMAT reached this last upcycle. It went far above anything I expected, so I left a lot of money on the table. One of these years, I'm going to get tired of all the work involved in timing AMAT, (and the risks of LEAPs), and become a LTB&Her. Maybe in 2 or 3 cycles. re: "I do not care whether my purchases are at the Bottom or at the Top --- all I believe is that AMAT will always go Up ": Well, yes......... but only if your time horizon is over 3 years, which is too long for LEAPs. An investor who bought at the top in 1995 had dead money for 3 solid years, until the end-of-1998 upcyle began. I'm not that patient. I had forgotten those posts from the end of 1998. I also want to thank you for being polite to me when I posted in January 2000 that I was selling those LEAPs. You didn't agree with my decision (no one on this thread did), but you were civilized. With the loss of time premium, those options are now worth less than what I sold them for in January. The LEAPs I sold in January 1999 (for a quick triple in 3 months)........wish I still had them.