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


To: Big Bucks who wrote (13008)12/11/1997 7:38:00 PM
From: 16yearcycle  Read Replies (1) | Respond to of 70976
 
BB,

In response to your question, I hope to be able to hang in and not sell until well past the previous highs of mid 50's.

I had lightened up a bit in early sept as a direct result of Buffett buying long bonds. I posted here my annoyance with the bullish attitudes put forth, and the lack of a good plan for when to sell. I had no good plan to offer either and only sold about 20% of the semi's. I had no idea about the potential for this kind of setback so soon, nor can I imagine how Buffett could have timed this so brilliantly.

As I said I bought twice on the drop until now.My position is much larger and less liquid than I would like.

From your posts I can tell you know what this means: their will be pressure to reduce the position on a quick move up.And to feel great pain on a further drop because digging in the pockets deeper will be hard to do.

So, I will try to hang on now and hope for a mid 30's price to lighten up a bit( 15%). I will not hope for a further drop because it will now be quite hurtful. At 20 I will buy every share I can get.

I expect the next move up to be SAFER<G>. The ramp up to 2000-2001 will be much closer when the current over supply drops in 6-12 months.
If the demand/supply equation doesn't turn until the beginning of 1999, these stocks really should be like rockets just p[rior to then and extending for about 2 years or so.

An e goal of $5 and a price of over 150 should be possible by 2001.

I wish the market would now shut down and bidding start again on 1/1/2001.<G>

Gene

My opinions only.The stock market is very risky.




To: Big Bucks who wrote (13008)12/11/1997 7:52:00 PM
From: Proud_Infidel  Read Replies (3) | Respond to of 70976
 
Here we go again. NAZ futures down BIG again!

cme.com

GLOBEX PRICES AS OF 12/11/97 06:50 PM TRADE DATE: 12/12/97

CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE
EURO $ DEC97 94.105 +1 MEX TIIE JAN98 78.75P ----
MAR98 94.175 +1.5 J-YEN MAR98 7805B +11
JUN98 94.165 +2 B-POUND MAR98 1.6502 +6
SEP98 94.13 +2 D-MARK MAR98 .5703 -3
DEC98 94.05 +2 SWISS FR MAR98 .7100B +5
MAR99 94.06B +3 CAND $ MAR98 .7033B -2
LIBOR JAN98 94.285B UNCH AUST $ MAR98 .6644 -17
FEB98 94.245 UNCH F-FRANC MAR98 .16790P ----
S&P 500 MAR98 963.50 -180 M-PESO MAR98 .116800A -42
E-MINI DEC97 952.50 -200 REAL JAN98 .89230P ----
MAR98 963.50B -175 RAND FUT MAR98 .199475P ----
NSDQ100 MAR98 1006.00 -1050 KIWI FUT MAR98 .5980P ----
GSCI DEC97 182.50P ---- BP/DM MAR98 2.9193P ----
MEX CETE MAR98 80.80P ---- DM/JY MAR98 71.765P ----
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To: Big Bucks who wrote (13008)12/11/1997 10:40:00 PM
From: William L. Oppenheim  Respond to of 70976
 
Its may well be a good gamble, but never with one's house, unless you have several and this one is expendable.