Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Gottfried who wrote (64565)	6/24/2002 2:33:47 PM
From: michael97123	Read Replies (1) of 70976

G, Zeev thinks this is bad as does Art Cashin the cnbc crusty floor broker of choice. I hope they are both wrong. One thing about this market is that the current holders of stocks are so stupid that we continue to hold. We are the ones who are too stupid to capitulate. Its just not in our vocabulary. Capitulation actually happened on 9/11 so perhaps we just had a successful test of september lows. I doubt it as does CW but perhaps this is a slightly different situation. And pehaps after 5 weeks down, the shorts may feel they have won and will pull their chips off the table. Perhaps they will be smarter than the bulls. Perhaps they will capitulate at the top(for them). mike

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