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

To: Mason Barge who wrote (19633)	5/22/1998 3:31:00 PM
From: Bong Lewis	Read Replies (1) \| Respond to of 70976

what if it doesnt hit 24?

To: Mason Barge who wrote (19633)	5/22/1998 8:09:00 PM
From: Big Bucks	Respond to of 70976

Mason, I will "dollar cost average" down from $32 as I feel this allows me better leverage over the long term and hopefully will prevent me from missing the absolute bottom. I will do "block buys" at every $2 decrease below $32, probably in 20 or 25% increments of my "cash position" portfolio. If I don't hit the absolute bottom I should still be within $2 of it, I can live with that. <G> In this market you never know when a fund might decide it is a strategic imperative to buy big into AMAT below $30 which could bolster the stock and prevent it from achieving its' normal bottom. Just my opinion, BB