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Politics : Formerly About Applied Materials

AMAT 249.99

+3.1%

3:59 PM EST

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To: Sam Citron who wrote (44108)	3/21/2001 7:41:57 AM
From: michael97123	Read Replies (3) of 70976

The 1987 crash was more like the market topping at 5100, treading water for a few months down to 4800 and then taking a one day hit to 3600, bottoming at 3200 and then coming back. Because its nasdaq add another 1000 points and bottom at 2200. We now are, barring depression, in absurd territory in my book, but you are right absurd can become more absurd. If we can get out of the absurd we should be able to get to 2200-2700 by the end of the year. I wonder if i will bail at 2700? That would be a 50% move. Would I sell my amat at 60, my intel at 37, my cisco at 30. I wonder. I was encouraged this morning by the Japanese rebound today of 7%. After the markets digest 1/2 vs 3/4 over here, the markets should bounce. and maybe the bounce will move us far enough from the lows so that these lows become the final bottom. This morning might be rough though. My 1800 number looks like a good place for the brave to step in.

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