Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 304.08

+2.2%

Feb 5 3:59 PM EST

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To: Proud_Infidel who wrote (14135)	4/11/2005 7:04:13 PM
From: robert b furman	Read Replies (1) of 25522

Hi Brian, What will make Amat go up is the price action. Upward trending stocks - are the single greatest feature that drives the buying/greed emotion. When stocks are flat and boring - the stocks float is being accumulated by institutional firms and longer term investors. As many other sectors go through the earnings increase cycle ,of their sector, within the economic expansion - their profitability will enable them to purchase the required next level of technology that is necessary to be efficient amongst their competitors. For tech to not participate,and be seemingly dead in the water, is to save power for its late cycle run up in price. Tech becomes the universal common denominator for all other sectors to embrace in pursuing efficiency amongst their competittors. After all sectors enjoy their rotation, tech will have it largest and best base to grow on. To delay tech's turn is to build further strength. It does require patience and I do believe it will once again occur. It just will be the very late cycle (again) in this recovery. Admittedly it may well not be as robust as the last top,as the internet coming into its own was a "once in a generation" kind of introduction. That does not say it will never rotate into favor again.IMO Bob

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