Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 265.22

-3.6%

11:59 AM EST

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To: michael97123 who wrote (65227)	8/5/2002 10:59:58 PM
From: BWAC	Read Replies (1) of 70976

<I am more frightened now than i have been at any time regarding the economy and the markets. > Hmmmm. Well, were you as frightened when buying AMAT at 5X Book Value or 10X Sales? That is when we should have been frightened. Was anybody scared when they were purchasing Hype.com at $300? THAT should have been hiding under the bed, tucked in the fetal position scared. But nobody was even blinking then. So what is scary about buying a quality leading company whose price has been beat all to hell? Now if fears are that Shrub is out of control, thats rational. If fears are that his war drum is beating so loud that he is driving the world to war, thats rational. If fears are that the economy is going to crap due to this war drum shit, thats rational. Other than that I find little scary about holding AMAT at $12ish. I was more scared trading it around at $30.

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