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

To: advocatedevil who wrote (61774)	3/8/2002 1:59:01 PM
From: BWAC	Read Replies (1) \| Respond to of 70976

Since you are/did sell all those long term long ago bought low basis shares did you consult with a tax advisor? It may be a bit late, but you could have taken some steps to lighten the tax load.

To: advocatedevil who wrote (61774)	3/8/2002 2:02:14 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

AD, Regardless of where you end up portfolio-wise, I for one would continue to want your input on this thread regardless of whether it relates to amat in the future or not. As you know, there are times when i put you on ignore but as one who has been asked to leave here occasionally(especially just after 9/11) I hope you will hang around for you have much to add. And even though you have chosen to be kind to Kirk, I for one know him to be one who pops up from time to time to peddle his newsletter. A few months ago he posted his bullishness of agilent and when i asked him at what price he would resume buying, he referred me to his website. Now shouldn't he have a site for Self-Promoters. mike

To: advocatedevil who wrote (61774)	3/8/2002 8:54:33 PM
From: Kirk ©	Respond to of 70976

Thanks Kirk. You're correct in that the hedge angle does offer advantages. I still believe however that it has had a minimal impact on my actual trading results. I guess it all depends on one's frame of mind. AdvocateDevil If you are long a stock and then trade it from the dark side, THEN you are not at risk of an infinite loss. This is a HUGE advantage. I have a buddy that Shorted Yahoo at $40... it is now at $18.93. He was right to short it... the trouble was he shorted in 1999 and Yahoo went on to go over $200! bigcharts.marketwatch.com I forget where he covered but he could have lost 5 times his original investment if he got a margin call. At the worst, you have just hedged a long position to lock in a high price. Stock goes down and you cover your short and you can do it over and over until you are stopped out as what happened to you. No, I think you might have felt a different level of fear if you were trading naked short. Still, the skill you showed was impressive! Kirk