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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2729)	8/29/2002 10:48:19 AM
From: Gottfried	Respond to of 25522

Brian, that was chojiro's point: those of us who understand the semi cycle put much faith in it and that makes us hang on, even if the stocks turn down. That's not a bad thing, but a good trader would not act this way. Why are we watching tick by tick, anyway? Maybe you should go kayaking and I should go sailing till January. :) Gottfried

To: Proud_Infidel who wrote (2729)	8/29/2002 10:49:18 AM
From: robert b furman	Respond to of 25522

By far developes more wealth in yourself than the 1M. What difference does another 0 in your account do if you don't grow and learn personally. You are well on your way. Press On - Nothing in the world can take the place of persistence. Bob

To: Proud_Infidel who wrote (2729)	8/29/2002 11:09:36 AM
From: Kirk ©	Read Replies (1) \| Respond to of 25522

I often wonder at exactly that- how I got myself into this predicament after having near 1M in 2000. Not a day goes by that I am not humbled and feel like a complete idiot. You got there by taking above average market risk. When the market went against you, the number dropped faster than the market. People just hate seeing their net worth go down far more than the enjoyment they get from watching it go up. Now if you sell a little as it goes up and keep the cash in bonds or money funds, then use that cash to buy back when the next cycle comes along again, then you might feel better as you see less volatility... but it is just as hard to take profits on the way up as it is to buy stocks now. The only problems with that strategy is you have to make sure you buy back shares that will also come back someday. I tried to diversify with my "buy backs" after this bubble and bought into the telecom market with some of my funds... THAT was a big mistake! I did some with the tiny internet company I worked with and that worked out really well as the shares are up over the last 2 yrs and have had several large cycles to take profits in and buy back so I am getting close to even on those shares. Overall it probably balances out just buying back my AMAT and LRCX so I didn't really gain much this time buy some diversity... IF telecom ever comes back... BTW, EVERYONE is saying how terrible a month September usually is. My guess is they are selling in July and August to avoid September and thus we will get a surprise for them next month. :) Kirk