Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 226.05

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Nov 14 9:30 AM EST

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To: StanX Long who wrote (178)	10/31/2001 9:21:10 AM
From: Jerome	Read Replies (1) of 25522

Stan, those are some great charting programs. I think that a person should keep in mind where a stock is relative to its chart. Its good background information. But no charting system had any idea of the Sept. 11th situation and its disastrous consequence on the market. In my opinion charts are the shadow of market information. Peter Lynch said frequently that earnings (or the lack of them) are the number one reason for stock movement. The overall economic environment I would rate number two,and the third is interest rates. You may say that this is oversimplistic, but I think that if an investment idea cannot be explained in less than 30 seconds its part of the static that I referred to in my previous post. Like now...the only thing that will move the stock price of LRCX (with significance) is an improvement of the economic environment. Earnings are going down hill, (for LRCX and others in the group), and the interest rate cuts seem to have little effect on all tech stocks. Regards, Jerome

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