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Politics : Formerly About Applied Materials
AMAT 235.24+4.5%3:59 PM EST
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To: Jacob Snyder who wrote (39979)11/25/2000 9:43:32 PM
From: Demosthenes  Read Replies (1) of 70976
 
Jacob,

<<It's hard for me to believe that the stock went from 115 to 38 based on the Street misunderstanding what's happening in the industry. It's easier for me to believe that the Street knows what it's doing, and knows things I don't. A 30% decline can be just a head-fake, but we're way beyond that.>>

On what historical basis do you support this? Was it easier to believe the Street knew what it was doing and knew things you didn't in September of 98?

For me it was definitely easier to believe the Street, and betting against it was one of the most difficult decisions I've made. Disbelieving the Street has gotten me over 200% since then in AMAT at the current price.

D
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