Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joe Sabatini who wrote (18841)	4/15/1998 10:48:00 PM
From: Norm Tock	Respond to of 70976

Joe, I was fortunate enough to get in on the ride from $29.00+ to the split. At that point I sold enough AMAT to buy a this place in Florida and I still had my shooter left (1000 shares). I got out just a few days ago at $37.+ thinking of waiting for the low 30's. When I saw the reaction at $34.+ and saw it jump back up I got on the phone and am now back in at $36.+.....Watching now for the $39 to $40 before I decide to sell once again. I may not this time,as I feel as several others. AMAT is a winner in the long term. To me long term is 1 -3 years. I really feel being retired I should not be in a trading position, but this stock does this to you. For some of the younger investors I would say they should have their savings and real estate in place before playing this game. The real hard hits I have taken in the past 30 years of trading have come by surprises -prospects announced that were "on schedule" - and suddenly their financial statements were in "error." There is little defense against this type of an announcement and the results are a sudden 50% or more loss. AMAT has never been in this situation and I feel they have been on the conservative side in their forecasts. Good Luck.