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

To: Big Bucks who wrote (17432)	1/24/2006 5:57:40 PM
From: Return to Sender	Read Replies (1) \| Respond to of 25522

OT: Big Bucks please don't confuse me with someone who has something going now that anyone else should try to follow. The stock I have been making the most money on is a penny stock. I loaded up on it six, seven years back. I continued to buy when no one else was buying because I recognized that management was not going to completely flood the market with cheap shares. Buying at 9 cents is a lot different than at 60. I am a seller of this stock now. It will remain nameless because I do not recommend anyone attempt to make money in penny stocks. The only other thing I will say is although my trading account has quadrupled the last few years I lost 2/3's of the value in that account in the previous few years. So while I discuss my trading ideas on the Full Disclosure thread and on the Sector Investing thread at iHub I will never recommend anyone follow me into any particular investments short or long term. Remember I lost all that money in the first place. Other than it I am mostly in cash. Sure I occasionally swing trade the SMH. Over the last few years I made some decent money off of MTSN, AMAT, WDC and STEM for instance when it is ridiculously cheap. I am awaiting a cyclical bottom that may or may not come any time soon. But remember the last cyclical bottoms in this industry were October 1998 and October 2002. I was expecting another bottom in or around October 2006 but it might happen later. This is typical of a 4 year presidential cycle. All I know is I see a market that is a lot closer to a top than a bottom. RtS