Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Ian@SI who wrote (44353)	3/22/2001 7:33:37 PM
From: advocatedevil	Read Replies (1) of 70976

Ian, I think folks were desperately looking for a reason to buy some tech and MU came to the rescue and provided the excuse. I suspect there are plenty on the sidelines intensely watching the market with a plan to jump back in at the exact bottom. If the techs begin to rally, they can jump in. If the rally fails, they can bail and wait a little longer. Frankly, I see very little to be positive about in Micron's comments. However, now that the tech ball is rolling, who knows when it will stop, or when it will turn back down. On the general economy: I'm not surprised housing and autos have held up fairly well recently. Interest rate cuts and incentives certainly have helped the situation. Now that the easy sales have been made, it may become difficult to maintain these buying levels in the current environment. AdvocateDevil

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