Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

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To: michael97123 who wrote (46056)	5/1/2001 4:26:42 PM
From: John Trader	Read Replies (2) of 70976

Micheal, Art Somebody (forget the last name), who is often on CNBC, reporting from the floor of the NYSE, was interviewed on CNBC Friday. He seems like a very experienced and intelligent guy. FWIW, he thinks there is a good chance that "John and Jane Public" may come into this market now in a big way. He thinks we may see some of that 2.1 trillion dollars coming in. He also pointed out that 401K's are really like "3.501K's", as some of that is in cash as well. His analogy was that of a dam breaking, and said if it happens, it will likely start out in about three different stages over the course of a few days. I think he might be right, but who knows. I agree though that 2200 on the Naz is likely to be broken short term. I am just playing this buy nibbling in a bit. Pretty hard to call it well for active trading here, IMHO. John

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