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

To: Proud_Infidel who wrote (14247)	1/7/1998 6:38:00 PM
From: Teri Skogerboe	Respond to of 70976

Brian, No, worry not, I didn't call the top. I sold some at 103 and change, some at 98 and change, the last sale was at 35-3/4 and there were many in between. IOW, I sold all over the place, just like I bought all over the place, more or less. I was very uneasy at the 98+ level (where I sold the heaviest), in part, because the Insiders had sold alot at 99+. And, the Conference Call that particular quarter bothered me. The long and short of why I sold is because this is a cyclical industry. When everyone is/was madly in love with AMAT et al, it is usually time to bail, especially if the PSR is ~ 5.0. As you and I have both experienced, this is a heck of alot easier said than done. Also, so you don't feel badly, I bought back into AMAT too quickly and only alleviated some of the pain by trading. Now that I'm on this subject, at the time I hated to post much of anything negative because all my friends owned AMAT, so I just tried to shut up. In hindsight this was a big mistake for all of us. I did once post to Sonki (I think it was) that I thought it would be a good idea to sell ~ a third of our AMAT between 100 and 110. Turns out that was a damn good idea. But, as you can expect, it was not well-received. Sorry to ramble so. I'm looking to buy back in at some point in the near future and just ride out the volatility. When, I don't know. Regards, Teri PS. One more thing, Good luck to all AMAT Longs, BUT let's do our homework and not rely on luck!! And the large majority of my AMAT was in tax-sheltered accounts, so moving in and out has no tax consequences.