Bill, RE "Tito, I hope that once the distraction of the election is over, those staircase workers begin their construction in earnest!"
I hope so. I hope also that Greenspan and Co. come Fed meeting Nov. 17(?) don't add fuel to the fire by saying they're still very concerned about Inflation at a time when the economy they were trying to weaken is slowing down noticeably... Just before the East Asian crises turned for the worse, Greenspan told Congress that the Stock Market was over-priced, and as a result Plunged the Stock Markets worldwide that later resulted in Financial troubles in Korea, Russia, etc. This act of Talking-down the Market at a time of crises, I hope Greenspan won't do it this time.(Emphasizing that Inflation is a threat is like talking-down the market).
As for AMAT...
Let me comment on TA (Technical Analysis). TA doesn't help in determining the Top or the Bottom, although it does a good job when one is trading in between. That is because all the components used like the days used in a 20 day moving average were from the PAST 20 days. For example today is the Bottom, in TA, it won't be apparent that there's a New Bull market until much later when the stock is already Up considerably... I used TA as well as Fa considerably in the past until that time when "I agonizingly watched AMAT climb from 63 to 120!"
What I follow closely is Sentimental Analysis. I guess we are now at or near the Bottom at 40 1/2 because the Paid Analysts attempts in driving the stock lower are Not enthusiastically being Heeded by their Bear followers anymore.
In the meantime, all we can do is buy some more at these lower levels as long as we find cash to do it. Funny but in the past when the stock was at the Highs again I shake my head looking down and muttering, "why didn't I bought all I could when AMAT was very very cheap..." |
