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Politics : Formerly About Applied Materials

AMAT 268.87

+4.6%

Jan 2 9:30 AM EST

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To: Kirk © who wrote (50079)	8/2/2001 11:03:52 AM
From: Math Junkie	Read Replies (1) of 70976

"My guess is many will be stuck covering and then be at levels too high to get in and enjoy good gains." In previous cycles, people who got in after two consecutive months of improved bookings reports still benefited from huge gains. There is no historical justification for getting in a buying panic based on anything other than actual data. suite101.com "The Market has been predicting things pretty well." Every time there's a rally, the perma-bulls come out of the woodwork to tell us of the market's amazing predictive powers. The market's prediction in March - April of 2000 doesn't seem to have worked out too well. Neither has its prediction in January of 2001. Still waiting for its prediction of May of 2001 to bear fruit. And why was its "prediction" of July 24th any less valid than its current "prediction"? "Anyway, great post. People should read it again!" Good idea. Robert said: "I'm not looking for a v- bounce - I'm looking for long, slow, dull, boring consolidation.We will not see a MOMO market like 2000 for maybe ever."

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