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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: BWAC who wrote (2887)9/5/2002 8:43:23 AM
From: Proud_Infidel  Read Replies (3) of 25522
 
FWIW, I have some cash to put to use, but for the first time in awhile I will abstain from doing so, even though I feel the market(and this sector in particular) is very cheap. I have been adding to al of my positions only to have my head handed to me each time. The most recent being a purchase of ASML last week at 10.22 bc there was talk of ASML not meeting its guidance, which they had confirmed not too long ago. Today we are looking at an open in the low 8's. Sick of watching my money go down the toilet.

On another note, the multiples that the market gives to companies such as C and JPM disgust me. These companies are at the center of several investigations(WCOM, ENE related) and yet C warrants a PSR not much lower than that of AMAT? More amazing to me is that these compaines are still talked of with reverence by many even though many of their business dealings look highly suspect at this point.

End of rant, but not of disgust.

Brian
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