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Politics : Formerly About Applied Materials
AMAT 267.87-0.6%Dec 5 9:30 AM EST

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To: Shoibal Datta who wrote (44805)3/30/2001 11:20:25 AM
From: 16yearcycle  Read Replies (1) of 70976
 
well, we will go round and round. amat has NOT even outperformed the nas from the highs, OK? You can believe what you want, but the reason amat is outperforming since dec, is because it was getting crushed before the others were. Its very straight forward. It gets hammered first because it is a cyclical. The pros are playing it for the inevitable bounce as it MAY move first. It has nothing to do with ANY pro thinking we are getting a v shaped recovery. It concerns me that amateurs may still think that we will, because everyone else has given up.

Whether you believe it or not, most of the guys on the street have become timers, and that is a BIG part of what we are experiencing. they care this much(0) about fundamentals. I can think of one well regarded analyst I know who I really think is a manic depressive. A complete nutbag. Good at pr though. The next time brcm is at 60 and going up, he will call for 200. But now, he thinks its overpriced.
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