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

To: Rick Storm who wrote (54078)	10/11/2001 7:40:41 PM
From: Jacob Snyder	Respond to of 70976

re: why not hold out for 39.9? Because I've learned, the hard way, to buy and sell in increments within a range, rather than trying to nail the exact top and bottom. I'm just not that clever, as the market has been telling me for years (and I finally listened). Days ago, I had set limit sell orders on everything in my portfolio, to start unloading when we got back to the price of my highest-cost shares. For AMAT, that was 35. By selling at 35.1, I have a tiny gain, so I don't have to worry about wash sales. With orders that cleared in the last hour, I am now down to almost zero margin. Which means there is a lot less pressure to sell. The price at which I begin buying back, depends on how much I sell on this rally. Assuming I get my next sell at 40 (of shares bought at 32.5), I'll then still be holding shares bought at 30 and 27.5. I'd probably start buying back at 30 or so. We'll bounce around, go up and down, and eventually a support level will emerge, like 40 emerged as support during the first 2/3 of this year. It'll take a while. No hurry.