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

To: Math Junkie who wrote (61815)	3/9/2002 2:44:26 AM
From: advocatedevil	Read Replies (2) \| Respond to of 70976

Thanks Richard. Our AMAT position came to represent the highest risk component of an otherwise conservative long term portfolio, however its percentage of total assets was never so significant that we couldn't have maintained the holding and still have been able to comfortably sleep at night. We simply had other reasons for selling "something" and our AMAT holdings were justifiably being considered. The recent run in the stock provided us with the opportunity to sell at a good price, and with today's spike, we made our final decision and pulled the trigger. It wasn't an easy choice. We've been holding AMAT for many years. (AMAT was the only stock I had ever held for that length of time and it was always fun to see the reaction of fellow investors when I told them about it. You know, we all have to have our story stocks and AMAT was mine.) While in some ways it was a sentimental investment, it was a great one. The stock has been an excellent long term performer and I have no reason to believe it won't continue to do well in the future. The tax consequences were also a concern. In addition, I wasn't looking forward to losing the availability of the shares I was using for trading. Still, we're not getting any younger and the decision to select the riskier AMAT to sell was hopefully the smart play given our individual circumstances. Good luck to you! AdvocateDevil