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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 3:59 PM EST

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To: Alastair McIntosh who wrote (55584)11/14/2001 6:25:52 PM
From: Jacob Snyder  Read Replies (2) of 70976
 
re: Why anyone would buy at these levels is beyond me.

What fraction of AMAT investors listen to the Conference Calls? (a lot less than 100%)
What fraction read the 10-Qs?
What fraction know anything more than, "stock's going up, it's in a hot sector, company makes some gee-whiz gismo everyone needs 50 of"?

If there is Smart Money, that means there has to be Dumb Money, in equal proportion.
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