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Politics : Formerly About Applied Materials
AMAT 235.13+2.2%Nov 10 3:59 PM EST

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To: Gottfried who wrote (36014)7/24/2000 6:54:48 PM
From: Tony Viola  Read Replies (1) of 70976
 
Gottfried, >You probably mean the increases of SEMI equipment orders are not over. I agree with that. But price increases of the stocks, that's another matter. EVERYONE must know by now that these stock prices are cyclical and just maybe enough investors think "this time I'll get out early".

Certainly. But if the cycle has two or more years left in it, shouldn't stocks in the sector trade according to their growth rate, P/E, etc. for a while longer? Two years is a long time in the stock market. "Smart money" getting out now may be judged later to be dumb.

Tony
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