Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 332.09

-2.3%

1:53 PM EST

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To: John Trader who wrote (47795)	6/8/2001 9:05:55 PM
From: Jerome	Read Replies (2) of 70976

John, its time you started giving less weight to what the experts say. As you pointed out they were wrong on the downside and are probably wrong on the upside. Lets take one of your favorite stocks. Corning (GLW) I believe that since the first of April there have been about 14 downgrades. The only possible move from here would be an upgrade. Most of the downgrades changed the earnings estimates by a few cents. (hardly worth the trouble). The company insists that things are OK and earnings are on track with previous given guidance. I would say at this point buy Corning. (I do have a position that will get larger) Lets take a second stock. Oracle. For the past six weeks it has been nothing but warnings from analysts on how badly ORCL was going to miss earnings (about seven trading days from now). A lot of hype about IBM and MSFT munching on Oracle's customer base. But within the past week all the hype has died, and ORCL is recovering along the same path as CSCO. (from 15 to 22). Its important not to get too rational with the market. Because feelings matter a lot more than rationality. I'm long a lot of ORCL and GLW and I'm comfortable with both positions. Regards, Jerome

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