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

To: Big Bucks who wrote (14802)	1/18/1998 5:27:00 PM
From: Yiota	Read Replies (2) \| Respond to of 70976

Hi BB, I'am watching AMAT every day and I'am thinking of buying me some shares. What do you suggest? according to my analysis I should stay on the side lines for awhile. Hoping to hear from you. Giota

To: Big Bucks who wrote (14802)	1/18/1998 6:39:00 PM
From: Proud_Infidel	Read Replies (4) \| Respond to of 70976

BB, Since tomorrow is a holiday and hence no trading will occur, i thought it might be a good time to think of trading strategies for when AMAT begins its northward trajectory. First, let me give you my situation. In my cash account I have a subatantial # of shares of AMAT; these are not traded mostly for tax reasons, but also because I do not want to miss out on any rise. In my margin account, I have shares that are tradeable. I have two tiers of AMAT shares; a block of 700 shares in the mid 40's and a block of 800 shares in the low 30's. These are my trading shares. Here is the kicker: I am the world's worst trader. Therefore, I thought I would see what people thought of my plan of action for when AMAT rises. Since crashing from its high of 54+, AMAT will have to retrace its steps back up slowly IMO. Jitters are aplenty in this market and we won't rush from the sub-30's to a new high overnight. Therefore, the question that remains is at what price do I put for my blocks? Currently, I have GTC's in for 39 5/8 for the lower tier and 55 in for the higher tier. At this point, I think I should only worry about trading the lower shares since I don't see AMAT breaking 50 anytime soon. You have stated in numerous posts how you felt AMAT could see 40-42 by the options expiry of Feb. I concur that this is a distinct possibility. However, should I raise my 39 5/8 GTC in the hope AMAT will hit say 42, or keep the current GTC and not get too greedy. In a way, I feel like I am giving the shares away at this price, but also would like to buy those share back and make $$ on the same points should AMAT hit 39 5/8 and fall back down the the low-mid 30's. If I put in a GTC of 41 and AMAT hits 40 and then falls to 34, I'll be kicking myself(take it from me, I've done enough of this the past few months to last a lifetime) TIA for any thoughts. Regards, Brian