Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: advocatedevil who wrote (58784)	1/14/2002 12:59:50 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST - Trading FWIW, Finally covering my January 3rd AMAT short this morning cost me some money, as I ended up taking a $5,450 loss on the play (my one and only AMAT play this year). Ouch! Hopefully I'll have some future gains to offset this initial hit. I would have probably held the position longer if Intel wasn't about to report tomorrow. I don't feel comfortable with what they might say with regards to 2002 capex. I think it could go either way, but if they come out with a reasonable forecast and a $7B capex number, the SCE's could get a short term boost. After being down as much as $21K with this play, I felt it best to take my medicine and move to the sidelines in advance of the report. While my gut is telling me AMAT has more downside ahead, I thought it best to bail now and reposition later. In any case, there's always another play to be made. Now I'm off to wash the blood off my devil's mask. <g> Congrats to the bulls! AdvocateDevil