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

To: Proud_Infidel who wrote (12939)	12/11/1997 12:35:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Brian, I am learning the same lessons you are. You said... >>could probably add one more: 6) NEVER doubt Big Bucks ;-)<< You may have said that tongue-in-cheek. <G> I think BB would be the first one to admit that he has made mistakes before. Nobody is perfect. But one lesson I'm learning is "look out for wishful thinking!". GM

To: Proud_Infidel who wrote (12939)	12/11/1997 12:50:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 70976

Hang in there, Brian, and good luck. Steve Rolfe, regardless of what the fundamentals look like in a vacuum, if Tech Company X (including AMAT) halved its earnings estimates, in today's jittery market you can be certain the market would give it a severe beating. Oracle's numbers were only 17% below estimates. Given Tuesday's volume, I doubt anyone stopped to recalculate ORCL's P/E ratio before selling.

To: Proud_Infidel who wrote (12939)	12/11/1997 12:58:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Brian, Just consider yourself a long term AMAT investor. Even though your portfolio looks bad now, you will be smiling again within 1-2 years as world demand raises techs to "must have" status again. In the mean time, consider a small home equity loan if you can swing it and dollar cost average your investment down to the low $30s or high $20's. FWIW, I own some AMAT at $48. 8^( I made a cardinal mistake of doubting my position when things looked very strong and thought that maybe my instincts were wrong and that everyone else was correct, just before the split. Fortuanately, I wasn't 100% sure and kept 50% aside for just this situation. I still have about 20% in safe investments that I will move into AMAT if it drops below $23, but I think the chances of that occuring are like flipping a coin, will wait and see for a while. My current strategy is to take profits in my 401k if the stock again hits $36 by mid Feb and go into a "cash available" position and ride the earnings cycles next year. With some luck I could double my 401k again next year.8^) Good Luck and keep posting! Regards, BB