No. of Recommendations: 0
Just wondering if you wouldn't mind sharing which stock you were talking about?

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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.


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