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

To: Winston Chen who wrote (18243)	3/27/1998 10:51:00 AM
From: Big Bucks	Respond to of 70976

Winston, FYI, I have been investing consistently in AMAT in my retirement portfolio on a monthly basis for over 5 months, however that investment pales in comparison to what I have in "safe haven" investments sitting on the sidelines waiting for bargain prices to come. I simply refuse to pay more than I feel is "fair value" regardless of market sentiment. I'm glad that many are making some money on tech momentum for the moment, hopefully they will recognize it for what it is, and look down the throat of a "gift horse" and take some money off the table while it is there. Nothing wrong with taking profits when available. Seems to me that we had this same kind of rally early in the year in '96 and things turned real cold starting in April/May in nearly an identical tech environment, except that this time international economic conditions/impact are far worse, IMO. For now I am content to wait. Yes, I did prime my guns but elected not to fire a broadside at $33, which was my original target price, but which I lowered to $31. They are still loaded but I have removed the primers for the time being. FWIW, I did call the high stock price in Jan/Feb at around $38 1/2. What will be the high this time before dropping back again? I think we will see it today or Monday if the charts/trends follow past performance. Just my opinion, BB