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

To: michael97123 who wrote (47523)	6/1/2001 9:52:10 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

Michael/R. Palm.... Tito is giving out some solid advice..... Here are a few minor wrinkles to add. 1) In buying AMAT or NVLS or LRCX.... buy it on the third consecutive down day. They might still go down the fourth day but most of the down ride will be over. 2) Write out a plan and follow it. This shooting from the hip stuff destroys your mental discipline. 3) Try it with 100 shares the first time. And stick to your plan.You might lose a few hundred, but it will not be disasterous in relation to the size of your holdings. 4) For entry points try this. Use SI and go to historical prices. Take the average low price for the last 10 days and make your buy limit about 1/2 point higher. 5) For your sell limit take the average high price for the last ten days and make your sell limit about 1/2 point lower than that average. 6) Enter these in your computer and leave it alone. Over the next few days lets figure out some reasonable entry prices for our favorite stocks.I think Brian who is not a short term trader or Gottfried or KDAVY or Willcousa would be willing to give you an idea if your goals are realistic. There is a lot of talent on this board, use it to your advantage. Regards, Jerome