UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: numb99 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3882  
Subject: Re: Not listening to own advise Date: 7/10/2002 4:37 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Just wondering if you wouldn't mind sharing which stock you were talking about?

- - - - - - - -

Billy,
The stock in question was Applied Materials (AMAT) a maker of semiconductor equipment. When I first starting tracking the stock, it was up around $80, and bought it multiple times between $50 and $60. The tech downturn brought down to about $30 before it starting going up again. It then split 2:1 and I had a target of $28 (split adjusted) to diversify. It just barely hit this point for one day before slowly dropping to current levels. Has been trading at $17-20 for the last couple weeks. The semiconductor industry is very cyclical and tends to dip every 2-3 years before rising and splitting. I am still buying AMAT (as much as I can at this price) but can't predict at this time when it will go back up to the price it was when I first started tracking. As I said in my original post, I am a "long-term buy and hold" so I can wait out the cycle.

As always, every investor should do their own research to determine if the company and associated risks fits their portfolio.

Regards
-Ben

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement