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

To: stox19 who wrote (59005)	1/17/2002 1:24:02 PM
From: Return to Sender	Respond to of 70976

Obviously I should have held my short position until today as well. I am a swing trader and while hardly infallible my results are improving dramatically. I will not rush out the door on the long side of AMAT although I may trade my position over the next couple of weeks to improve my overall gain. Just as too many were too positive when AMAT and the SOX were moving higher they are today too negative in my opinion. Take this excerpt from Briefing.com: 11:50AM Semi Equipment Sector : Semiconductor equipment sector rolled over soon after the open, extending yesterday's losses caused by the Intel cut in capex guidance. This morning's weakness is being attributed to dismal results from Kulicke & Soffa (KLIC -9.6%) and reports that co's conference call also disappointed. We are hearing that Goldman Sachs is advising to avoid buying the dips, as firm continues to anticipate negative news during earnings season. I also believe that if you do not buy the dips in the face of a potential semiconductor industry recovery you reduce your opportunity to profit greatly. You do however have to have plenty of cash on hand because there is no guarantee that the recovery will be anything to shout about anytime soon. Finally it is all about making money to me. My days of marrying any stock are gone. LONG or SHORT there are opportunities. I just sleep better long. AMAT could dip down below 40 and close to 39 over the next few days. RtS