Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: michael97123 who wrote (55049)	11/2/2001 3:00:27 PM
From: Jacob Snyder	Read Replies (2) of 70976

OT re: whither goeth the Nas: What I said on 10/2/01 was: Sometime between now and June 2002, the Nas and SOX will make at least one 50% rally, from the recent lows. Message 16444377 That would be a move from 1387 to 2080. We've already made most of that move, a lot faster than I thought we would. I wouldn't argue with anyone who takes ST profits here. Or sells for tax-loss reasons. Or sells to get off margin. A lot of stocks I'm following are approaching what should be resistance (AMAT at 40), or have reached there and stalled (TXN at 30). I think of my 2080 prediction as a general target, it would be nothing but luck if it hits that precisely. I sell the same way I buy, in increments, as the market has finally convinced me (after numerous expensive lessons) that I'm not smart enough to pick bottoms or tops, except very approximately. If we do stall and dip here, I'd be as willing to buy, as I was in late September. I doubt we take out the late-September/early October lows, not this year, not till the Fed starts raising rates. What was Lehman saying during the January and May rallies? Did they call those right?

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