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

To: Sam Citron who wrote (57434)	12/13/2001 4:35:02 PM
From: willcousa	Respond to of 70976

I like seeing AD's trades as it represents another spectrum of the market which we trade with. I got into cc's in a big way from watching others so watching AD is an education.

To: Sam Citron who wrote (57434)	12/13/2001 5:59:09 PM
From: advocatedevil	Respond to of 70976

ST - Trading FWIW, I ended the day holding no AMAT positions long or short. Early in the day I closed out the 5000 share short play I had been holding, and followed up with a flurry of minimally productive trades. I would have been much better off simply holding my original dark-side play, but I'm very happy to end the trading with a $14,630 gain over yesterday's close. Current position: None Todays AMAT trades: Covered 2000 shares at $42.45, shorted at $40.92 LOSS -$3060 Covered 3000 shares at $42.60, shorted at $40.92 LOSS -$5040 Covered 2000 shares at $42.55, shorted at $42.75 GAIN +$400 Sold 2000 shares at $42.25, long at $42.00 GAIN +$500 Covered 2000 shares at $42.15, shorted at $42.15 BREAKEVEN Covered 2000 shares at $42.47, shorted at $42.47 BREAKEVEN Covered 3000 shares at $42.20, shorted at $42.70 GAIN +$1500 Sold 2000 shares at $41.90, long at $41.94 LOSS -$80 Sold 2000 shares at $41.78, long at $41.50 GAIN +$560 Sold 2000 shares at $41.35, long at $41.35 BREAKEVEN Covered 2000 shares at $41.54, shorted at $41.59 GAIN +$100 Yesterday's status looked like this: MTD booked gain: +$675 MTD paper loss on current play: -$19,750 MTD status: -$19,075 YTD booked gain: +$131,150 YTD status: +$111,400 With all trades booked, here's my current status: MTD status: -$4,445 YTD status: +$126,030 AdvocateDevil

To: Sam Citron who wrote (57434)	12/13/2001 8:04:48 PM
From: Cary Salsberg	Read Replies (3) \| Respond to of 70976

Sam, I guess I might be a too quick study. I followed AD for a while and conclude: 1. He has a caste iron stomach; 2. He is smart enough to trade AMAT, a stable business leader with volatility; 3. He gets to choose entry and exit and adding and subtracting to his position; 4. He makes money even when he doesn't know which direction the market is going; 5. One could probably model a rule based system that has a positive expectation but will not do as well as AD; 6. There are "easier" ways to make money.