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

To: Sam Citron who wrote (44721)	3/29/2001 4:19:44 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

RE: "Would you mind sharing your methodology as to where and when to cover shorts?" Sam, The answer would keep me typing for days, but I'll attempt to very briefly summarize: a) I've selected AMAT because it's a company that I know and like for many reasons. I'm looking for an opportune time to initiate a long position. b) I believe AMAT is currently overvalued. In addition, I expect the semi-equip sector has more downside ahead. c) While I watch and wait, I'm playing it short. (until there's a break in the trend of continued weakness and warning news from the semis). d) My short term entry points are based primarily on a combination of experience, gut feel and TA. e) My short term exit points are primarily based on a preset percentage gain (normally 5-10%). f) My goal is to simply win more swing trades than I lose. I often short late and cover early as a result of being somewhat conservative in my approach. While it's unlikely I'll hit a home run, I can more easily avoid the strong draws of fear and greed. AdvocateDevil