Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

Nov 25 3:59 PM EST

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To: FJB who wrote (38043)	10/10/2000 3:53:25 PM
From: Jacob Snyder	Read Replies (1) of 70976

re: looks like a capitulation day to me in the semiconductor sector There have been several days this year that seemed like capitulation in the techs (to me), and weren't. I think your question won't be answered until the stocks bounce, and then bounce again (a month or two later), at the same level. As long as they keep on setting new lows, I'm on the sidelines (except for QCOM, the only semi or semi-equip I hold). Until the market decides there won't be a lot of earnings warnings next warning season, and there won't be a hard landing in 2001, and the cycle is not over, we'll have a lot of nervousness, and I wouldn't expect any rally to be sustained.

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