SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Tito L. Nisperos Jr. who wrote (9789)10/27/1997 6:01:00 PM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Tito, thanks for telling the story! You have perspective - and so
have I. And many younger investors will have it after this is over.

GM



To: Tito L. Nisperos Jr. who wrote (9789)10/27/1997 6:10:00 PM
From: roly  Respond to of 70976
 
Tito,

Thanks for sharing your story <eom>



To: Tito L. Nisperos Jr. who wrote (9789)10/27/1997 7:03:00 PM
From: Kumar Nathan  Read Replies (2) | Respond to of 70976
 
Tito: Your experience is very chilling and moving. Things that happened close to 50 yrs ago still gives you courage and strength to withstand any turmoil.

I am very positive that AMAT will close higher at the end of the week. Tommorrow is going to be a blood bath. Day after tommorrow will be another gloomy day. Thursday is going to be a big winner. Thursday's gain will be the equivalent of Tuesday's and Wednesday' loss. Friday will put AMAT into positive territory.

Regards

Kumar



To: Tito L. Nisperos Jr. who wrote (9789)10/27/1997 10:15:00 PM
From: Joe S Pack  Read Replies (1) | Respond to of 70976
 
Tito,
That is one hell of a brave story to hear. Yes there will be tomorrow and day after and the market will comeback and go higher.
I think this is going to be one of the best buying opportunities
in recent memory.
Happy bargain hunting.
-Karun



To: Tito L. Nisperos Jr. who wrote (9789)10/27/1997 10:31:00 PM
From: David E. Henry  Respond to of 70976
 
Thanks Tito! for this important reminder



To: Tito L. Nisperos Jr. who wrote (9789)10/28/1997 9:18:00 AM
From: Tito L. Nisperos Jr.  Read Replies (1) | Respond to of 70976
 
To All AMAT Bulls especially those who suffered greatly in this downturn:---

Last night a number of people E-Mailed me about LEAPs. Many of you already know how I managed to turn a 77% loss into a more than 2,000% gain when the underlying security or stock gained 400% from its lows last year. This is worth repeating. I do not have much money left to repeat and take advantage of this great opportunity but I'll tell you anyway;--- if I won't gain, others may--- and that's good enough for me...

Assuming the stock continue its slide (stock markets all over the world have huge losses last night) we buy LEAPs, a little bit at a time, averaging them down until we pour everything at the bottom;--- 20, a decline of 63% matches the decline we have seen a year ago, could turn out to be the bottom. But in case the stock just stay where it is now before heading back up, we buy leaps anyway. If you have no cash left, sell stocks to buy LEAPs---as I have done before. It could be a fast-paced market today so I've some pointers to tell you:---

1. Buy at market. The last time I used a limit order was when I set an option to buy at 7/8; the price headed from 1 to 27 in a short period of time leaving me in the dust.

2. Order 10 Calls or less at a time; a 20 Call order at market almost always take some time to get filled.

3. Remember not to spend all cash at once; spread it down.

4. Jan '99 LEAPs is cheaper and OK. You can always Roll them over to Jan '00 if you think the '99 LEAPs need more time to work for you. Get cheaper, a bit out of the money LEAPs like:---if the stock is below 30 but above 20, get 30; if the stock is at the teens, get 20.

My saying:---"When down, relax and think; rise up with a kick" says them all. This is NOT Death you are facing---it's money, but money you need to keep on living, though. I've stared at death many times in the past beginning at birth as you can see in the Link below. Happy Investing!...
techstocks.com