Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 269.55

+0.3%

Dec 4 3:59 PM EST

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To: Jacob Snyder who wrote (46175)	5/3/2001 8:55:53 PM
From: Jerome	Read Replies (2) of 70976

Jake, the causes and the end of the rally are debatable, consistent to the extent that one wants to prove a point. My observation is that the tech stocks rally furiously at any sign of good news. (CSCO is the example from yesterday) I believe this to be a bear rally looking for a reason to turn into a bull rally. (INTC's report a few weeks ago was the trigger) As stock prices get 50 to 80% lopped off last years highs, the usual methods of measuring stock values becomes less usefull. I was an INTC fan at 55 to 65, and now that the price is about 30 I like it even more. I could not afford another1000 shares at 60 but I can afford 2000 at 30. This is the kind of thinking that's going to keep the tech's on an upward trend. You are wise to cover your short positions on AMAT and NVLS. Market psychology is changing for the better, but like a battleship it turns slowly. Jerome

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