Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: etchmeister who wrote (14775)	5/5/2005 4:04:43 PM
From: Return to Sender	Read Replies (3) of 25522

Etch, I believe that what you and Brian are saying is true but does it really matter? It does not matter enough that earnings are better than they were in 2000. It does not matter enough that sales of chip equipment remains strong enough for the biggest and best in this industry to remain profitable. What matters is when will institutions stop being net sellers of stocks in this industry like AMAT. When will they become net buyers again. What Big Bucks is saying is set aside all the data that makes you feel good about owning these stocks now because he believes it will get worse (stock prices) before it gets better. There is only one reason why he could be right and it is simply that these stocks are ruled by supply and demand. It does not matter how many shares are bought or sold by what kinds of means. What matters is when will the tide swing in favor of those who want to buy and hold for a year or more without having to worry the market is going lower still? Institutional investors hold the key. They treat these stocks as cyclical. P/E's don't matter much to them and neither does the btb. RtS

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