Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.28

+0.8%

3:59 PM EST

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To: Joseph Beltran who wrote (51095)	8/23/2001 9:56:57 PM
From: trilobyte	Read Replies (3) of 70976

we need something to break the bear's back! Lower interest rates didn't do it. Improving btb didn't make it. Improving conditions for wireless company (viz., tqnt cc) didn't make it. Now the main negative pull on the tech market has most recently been provided by the telecom sector and the likes of CIEN, SCMR, LU, etc. So CSCO calling a bottom in this sector begs the question: what else is going to provide the negative pull now? The kind of food that feeds analyst/pundit downgrades... I don't think there is that much left short term. This might just be the type of environment in which big and small money finally feels confident enough to re-enter the tech market. Not necessarily in a major way. But nevertheless in a manner sufficient to break the down trend. T--

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