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

To: Tito L. Nisperos Jr. who wrote (50674)	8/16/2001 2:14:28 PM
From: Tito L. Nisperos Jr.	Read Replies (3) \| Respond to of 70976

AMAT the Kid is sick. He can't play the YoYo right... But Thread members, though concerned, manage to have some cheer --- even imagining spitting on the other's face. So what, at least i can buy more cheaply --- some must be thinking. I can't help thinking about that day in Aug 1996 when AMAT's earnings report caused so much Gloom in the Market that one by one, Analysts appeared on CNBC advising people to sell AMAT then bobbling just above 23. The stock hit Bottom at 21.75 during the last week of the month just past. Even the Always The Bull Batipaglia, was Bearish to have said he might buy AMAT below 17, hold it for at least 2 years and sell it at 50. While they were bad-mouthing AMAT something was happening below their images on TV: --- AMAT was showing trades of 10K to 100K while the stock's price was holding still to a bit higher each time; meaning the followers of the Analysts were acting like Turn-Coats by not fighting hard enough to drive down the stock to the 10s. Something was not right, so I did the Unthinkable. The IRA account that I painstakingly built for more than 5 years to have reach 6 figures was down 77% composed of AMAT shares. I sold all but 100 shares and with the proceeds bought AMAT LEAPs (with 17 months to live) at about 4 / sh. A revisit at 23 in Sep then another revisit at about 24 in Oct and Nov and after I converted the remaining 100 shares into LEAPs --- the Stock took Off to reach 108.38 the following Aug. I slowly sold the LEAPs when they reached 11 / sh until more than 30 / sh and with the proceeds bought Short Term Options that gave me spectacular gains --- even better gains than if I held all the LEAPs until they reached 80 / sh. History doesn't repeat itself exactly as before ... but who knows, could it happen as closely as it happened before that I can profit by using history as a Guide or some kind of a Roadmap? Well, no harm if I continue using History as a Guide.