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

To: Sun Tzu who wrote (38125)	10/11/2000 9:43:08 AM
From: willcousa	Read Replies (1) \| Respond to of 70976

My 401k is now a 301k. Soon to be 201 if this keeps up.

To: Sun Tzu who wrote (38125)	10/11/2000 7:31:40 PM
From: Alan Siegal	Respond to of 70976

Buying on the dips may leave you holding the bag for a long time (may be forever). I am not saying this is the case for AMAT. But I've seen many companies, some very big and very reputable, whose simple mistakes combined with changing environments devastated them. Ah, isn't that the crux of the matter? One doesn't say that about AMAT because it is what it is. As long as you've done your homework and know the prospects and management of several companies, you can buy them with confidence (with impunity, if you like) because you understand the fundamental nature of the company and the environment it works in. Therefore, it's a given that it will rise again, when Mr Market is done selling diamonds for dimes (Speak to Tito on this one). The only thing remaining is timing. Since I prefer to pay 20% taxes over 40+%, it stands to reason that I'm better served by shooting for a LT gain than a short termer, since the runup can come at any time, never very predictable. By the way, just so I don't appear too icy, I definitely HATE THIS, and although I am slowly buying again, I sure wish it never happened.