Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 216.66

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9:45 AM EST

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To: Proud_Infidel who wrote (2680)	8/28/2002 10:57:27 AM
From: robert b furman	Read Replies (2) of 25522

Hi Brian, Yea I know. It is easy to forget but important to know that that emotion is exactly what MUST be accomplished to complete the redistribution of stock from weak hands to strong hands. IT MUST OCCUR !! As this process disappoints and drags on, the shorts will be loud and rambunctious - just as bulls where giddy at the top. Keep in mind the truly smart people sell well before the final top.Conversely the trully smart shorts don't stay long at a bottom range. What we're hearing is the glee of inexperienced shorts that are feeling a little cocky because they've been right a long time now. Successful shorts are historically fast buck makers and are not long term winners (historically).More like quick hit and run profiteers. This long term bear is a nice gift to them.I suspect the really good traders are covered and sitting in cash. If this bear market gives us more time - keep doing what you are doing.Live modestly and pay cash to acquire more stock. Time is on our side and will reward us over the long term - that is how and why I invested in the first place. Hindsight is 20/20 and I do not expect my performance to be perfect. The lag effects of 41 year historical low rates will kick in (it already is) slowly and with great continuous power. Bob

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