This week most stocks resumed their upward trend. By far the most impressive stock this week was AMAT (Applied Materials, Inc.) Over the last five trading days the stock has advanced from a low of $48.73 to a Friday intraday high of $56.09. Like most stocks we trade, AMAT is highly volatile and requires that we trade with patience and discipline.
If you‘re holding AMAT LEAPS don’t panic. The company’s 4th Quarter results were outstanding and the stock is poised to go even higher from here.
There’s one thing I’d like you to remember from this last correction: the Wealthy Investor approach works best when you trade with patience and discipline.
You have a lot to look forward to in 2018.
Stay patient. Stay positive.
Tyrone Jackson
The Wealthy Investor
