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

To: Sam Citron who wrote (61113)	2/28/2002 6:06:30 PM
From: advocatedevil	Respond to of 70976

RE: "Can you give an example of how certain action in the NAZ or SOX might influence how you trade AMAT? If they tend to trade in lockstep with AMAT ST, what is the point of following them, unless it's an arbitrage play on the infrequent divergences?" Sam, Watching AMAT move together with general tech (SOX, NAZ, major tech issues) is what is most common. When one or the other stalls or reverses, I check every indicator I'm following as quickly as possible to see if I can determine why, and/or which one might be leading the other. Here's one example: If AMAT and the SOX are both moving up and the SOX then bounces off resistance and reverses while AMAT continues climbing, I'll watch both closely looking to make a play. If the SOX continues to move lower, I may wait for AMAT to stall and then jump in with a short. This assumes there is no AMAT or Semi-Equip sector news on the wire, or other identifiable reason for the divergence. Another example: If AMAT and general tech are moving against one another for an extended period of time during the day, and I cannot determine why, I tend to be cautious. Sometimes it's a missed opportunity, but more often there's a valid reason that I simply do not understand at the time. I could go on and on adding variables and describing examples, but I think you get the drift here. AdvocateDevil

To: Sam Citron who wrote (61113)	2/28/2002 8:16:45 PM
From: advocatedevil	Respond to of 70976

ST - Trading, FWIW, February Final Status: I closed 4 short plays today, 2 wins, 1 break-even and 1 loss. It felt good to get back in the sadle and recover some of Monday's hit. February is now history and it's on to March. I wish the best of luck to all AMAT traders and investors! 02/01 gain +$6,330 02/04 gain +$8,070 02/05 gain +$3,730 02/06 gain +$3,950 02/07 gain +$4,020 02/12 gain +$6,500 02/13 loss -$1,650 02/15 gain +$11,960 02/19 gain +$4,450 02/20 gain +$3,350 02/25 loss -$8,000 02/28 gain +$4,690 Jan Total: gain +$44,010 Feb Total: gain +$47,400 YTD Total: gain +$91,410 AdvocateDevil