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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: Jacob Snyder who wrote (63913)5/18/2002 5:29:15 PM
From: Tito L. Nisperos Jr.  Read Replies (1) of 70976
 
Jacob, for Paul V and also me, we find it more convenient to use the prices as they occured for comparison purposes. That is because long time ago we found out AMAT investors use the split unadjusted prices as guide to trade presently. Yes, we know we doubled our money after each split.

I'm sure that if Paul V used Split adjusted prices, he would not have come up with 101 plus a few cents as High for 1999. Others who relied solely on PE calculations sold out at 30 more or less during that time.

As for you, although you strongly believed that PE (or something like that) matters a lot --- you were wise enough to have closed your eyes and waited for 127 before saying --- "Okay, that's it I'm getting out!"
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