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

To: Jacob Snyder who wrote (37942)	10/6/2000 9:06:12 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Jacob, RE: "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." I've Posted in the past how people were making a lot of money in AMAT stocks by being a LTHNS (long term holder never sell). One guy had 100 shares during the later 70s, sold 90 and the 10 shares left had grown to 3000 in 1996 and to 12,000 now if still being held... Another is about my cousin who works in Applied as a mechanical Engineer: --- During the early '90s, I was convincing him to set-up a 401 K account but said No because he needed money for other purposes. About 3 years later he told me he got 50K dollars worth of AMAT shares in his 401K. Two years ago when he already accumulated 7K shares, he asked me to teach him how to trade in Options. but advised him to stick with AMAT stocks because: "Options are too risky and you might lose all you own." He took my advise. At the High of 115 last Apr, his AMAT shares were 14K valued at 1.6M dollars. Of course his shares are worth a mere 700K now but what about next year at the High probably in Oct --- 3M ? 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 do not keep LEAPs too long. I do not advocate this to other Threaders but I often convert LEAPs to short term Options with very successful results especially during Oct to Feb when the Workers are busy building Risers and Steps with the Landing not yet in sight.