Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael97123 who wrote (42254)	2/15/2001 4:04:07 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

shorted AMAT at 49.25 at the close today, about 5% of my portfolio. I listen to the news, and can't find any good reason for a sustainable rally now. I look at the chart, and see the stock hitting 50 and stalling, again. I look at the volume, which is average. On a breakout of a trading range, there should be high volume. I watched for a rally at the close, to get the stock above 50. Isn't happening....so I shorted. If I'm right, I'll cover at 41. If I'm wrong, I'll stop loss at 55. re: "Some people think what they have is cheapened if others have it too." This is just another way of restating the fundamental economic principal of scarcity value, examples of which can be found in any society at any time. It's not good or evil, it's just human nature. re: "I never understood why many conservatives lack compassion". For conservatives, the most important social value is Order. For liberals (the American variety, not the European socialist variety) the most important social value is Freedom. To create Order, you have to establish rules, and then enforce them. Compassion gets in the way of enforcing the Rules. That's why conservatives are habitually not compassionate.