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

To: Justa Werkenstiff who wrote (28110)	2/9/1999 3:56:00 PM
From: Jeffrey D	Read Replies (3) \| Respond to of 70976

Justa:<<Wow. Hop on board the AMAT train at $63.5 on Monday morning, then sell at the close at $67.25 and then go short at the same price and cover this morning at $64 1/16. And then sit on the sidelines to play yet again. Now that is what I call greed. Thanks to all the analysts who allowed me to play once again. >> What's your point? Why would any investor want to even attempt to play this gambling type game? Let's look at your post from 12/29/98. Message 7022801 In it you say the following: "Sold AMAT in my Keogh last week. Risk/reward better in other stocks at the moment.>> So, you sold your AMAT the week of 12/21/98. The AMAT high for that week was 46 11/16 and its low was 42 1/2. Let's assume you are the successful trader we know you are and say you sold near the high at 46. Who is better off today? On the one hand you have, as you describe, the greedy and complacent AMAT longs that didn't sell then and have watched their investment rise some $20 per share in a little over a month. On the other hand, we have you, someone who sold at 46 and is now playing the day trading game with AMAT. Maybe it's just my own personal investment bias but I think the greedy and complacent longs did better. Well, at least you are helping Schwab reach its quarterly earnings goals with the commissions it is making from you. Jeff