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

To: Dale Knipschield who wrote (39860)	11/22/2000 10:55:09 AM
From: Gottfried	Respond to of 70976

Knip, >I hold stocks in good companies, with intelligent management, excellent earnings and fine prospects going forward.< That's what kept me from selling them when they were overvalued last spring. I hope to do better in the future. Gottfried

To: Dale Knipschield who wrote (39860)	11/22/2000 11:00:45 AM
From: michael97123	Read Replies (3) \| Respond to of 70976

Knip, This sucks big-time. One of these guys needs to step up big time. This in a very real sense is a tie in florida. To close to call either way. To hell with the chads. Flip a coin or 3 rounds in the ring--anything but this crap. Mike PS Anyone know the significance of this date in history. Its the day JFK was killed 37 years ago. It has been down hill ever since in many many ways. You had to be there to understand my comment.

To: Dale Knipschield who wrote (39860)	11/22/2000 11:25:05 AM
From: Kirk ©	Respond to of 70976

Knip This may help you: I bought a technology mutual fund yesterday with IRA money. I'll buy more if we go lower. ONLY NOW have I thought valuations compelling to move from the bonds I bought in the Spring back into technology. In the Spring/Summer I was selling some Technology to try to stay at 80:20 Stocks:Fixed (I actually got greedy and worried about taxes so I went to 85% as I couldn't sell fast enough as they were going up plus the old Greed thing hit...nobody is perfect if following their plans). Anyway, now my portfolio allocation says "Time to Buy" so I do. Auto pilot where I take profits when High and buy back when low. The funny thing is that I hold stocks in good companies, with intelligent management, excellent earnings and fine prospects going forward. But, all that means nothing when you're up against a market that is going the other way. I'm sure we're all learning a lesson here. The ONLY lesson to learn is NOBODY can call the market over and over... luck eventually runs out. Here is a quote I got from Brian that seems appropriate for now: "inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit had reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?" ----Warren Buffett in his 1996 annual report Happy Thanksgiving! Kirk out BTW, owning the good companies means you get more upside in the up cycles so you can take more out when you have to take profits. Some dog stocks like UTEK never broke old highs in the 1998-2000 cycle.