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

To: Paul V. who wrote (17625)	3/12/1998 1:55:00 PM
From: Big Bucks	Respond to of 70976

PV, You are correct, I met my target goals for profit gain of 100% in 6 months and got out, the stock continued to rise, in spite of fundamentals, as the funds went into a feeding frenzy driving the price higher than valuation with a PE of around 48. I don't like PE's above 30 x earnings, after that I feel it is gross speculation. The good news is I retained a very large chunk of readily available capital to allow me to cycle in and out, and ride the waves. RIght now I'm just sitting on my "board" looking over my shoulder and waiting for the right wave to come along before I start paddling. Once I pick "my wave" I will paddle furiously as it gains momentum and size and will ride it to its crest and dismount before it crashes into the shore. Such is the cycle of the tech sector. I rode a good wave in Dec/Jan for a 33%+ gain. I'm looking hard for the next one, I see it coming, it is not to far away, now. Cowabungaaa!!!!! BB