Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.87

+4.6%

Jan 2 9:30 AM EST

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To: Jacob Snyder who wrote (66403)	10/5/2002 6:34:20 PM
From: Cary Salsberg	of 70976

RE: "...once-a-decade sale on stocks." I would like to respond with a note of caution. Jacob is correct about the "forest", but purchases are made one "tree" at a time. Technology caused the current debacle. Technology companies are "fragile" and they are even more so under current conditions. Don't buy a company that doesn't have a successful track record before the bubble run up unless you are an expert in its technology and markets. Don't buy because of low PE, P/S, P/B. Buy because you know it is a market leader, you know that the market will grow, and you know that the leadership position is protected by sustainable competitive advantages and significant barriers to entry. If you don't know, gamble at Vegas. At least, there, pretty girls serve you free drinks while you lose your money.

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