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

To: Sam Citron who wrote (10132)	6/4/2004 5:39:58 PM
From: The Ox	Read Replies (1) \| Respond to of 25522

To begin with, my trading portfolio allocation tends to be very narrow, due to my focus, and for the most part I would not recommend others do what I do unless they fully appreciate the risk/reward factors and time requirements to be a fairly active trader. Since I am an active trader who focuses almost exclusively on small and micro cap semis, the only affect the high oil prices have had on my portfolio are % invested and cash/margin position. My overall investment allocation includes IRA, 401K, real estate, trading portfolio and cash. Most of my IRA is put in long term buy and hold stocks. At the most I reallocate 20% to 30% of my total IRA $ in any year, taking profits, adding new positions and culling poor performers. My 401K is in a few diversified mutual funds which I consider moving to the sidelines anytime I believe a major market correction is approaching. Right now I am fully invested in my 401K, about 20% cash in my IRA and 120% invested in my trading account, due to the recent large dips in a couple of the stocks I trade. They presented a great opportunity to load up the past few weeks and, so far, so good...knock wood. Currently I hold 3 micro cap semis, allocated 55%, 40% and 5%, with +8%, -2% and +6% gain/loss status on the respective positions. Current target/stop gains are 50%, 25% and 20%, with losses at +2%, -7%, +2%, fwiw.