Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Gottfried who wrote (64893)	7/15/2002 11:39:51 PM
From: advocatedevil	Read Replies (1) of 70976

G, So what about tech from here? Expectations have come down, and thus valuations, however, valuations are still high given current IT spending estimates. Some might argue that because they're high and/or because they were much lower prior to the tech bubble, we have more downside ahead. Counter to that is my current belief that we're not going to return to those previous levels. Tech is what's going to move us forward and the market knows it. That knowledge should keep a floor on the sector. While we could easily see overall sideways action through the end of the year, I think there's also a good chance at a rally from here. Certainly the bearish sentiment is growin' louder, folks are becomin' more conservative with their portfolios, volatility is increasin', earnings comparisons are gettin' easier and the seasons are changin' in tech's favor. Add to that some of the seemingly overlooked general economic positives that Don was referencing, and perhaps things aren't all that terrible after all. (In any case, I'll just keep tryin' to convince myself with posts like this!) AdvocateDevil

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