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

To: Pat Allen who wrote (13211)	12/13/1997 1:56:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Pat, thanks for the Day-trading Demo. You are 450 dollars richer than the one who did not do anything... This is a Tale Of 10 Guys:---10 guys own 100 AMAT shares each. The first 9 guys did not do anything when the stock was at 35 1/2; the 10th guy sold at that price then bought back at 32 1/2 for a profit of 300 dollars minus roundtrip commissions of about 50 dollars. He was waiting for the stock to go back to above 35 to repeat the Yoyo strategy...when suddenly the stock went down to 25 1/2---the 10 guys still have 100 AMAT shares each. The first 9 guys look sad; but the 10th guy is happy, why? Because he has now 250 dollars to buy some 20 DVD movies for 20 days to enjoy while the stock is languishing at the 20s!...(The 10th guy is a trader, he earns money whether the stock is at 105, 35, 25 or 5)...