Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: edward miller who wrote (1815)	9/9/1996 9:13:00 AM
From: Joe Albinowski	of 70976

Ed: " This tech cycle is like a speeding locomotive, and even if it slows, it will only slow to 80 from 100 mph !!! ". These were the wise words of at least one wall street seuth sayer about a year ago. Sure, there were a few saying that there would be a classic bust ala previous cycles, but they were few and far between. MU was going to earn 18 per share and buying a semi-related stock was like printing money. Oh my, how a year changes things !! Well the common wisdom was dead wrong a year ago and it's probably wrong now. Reading these notes is almost exactly opposite as the messages that were present only one year ago. The bottom line to all of this is simply that to engage in the practice of predicting business cycles and the direction of stock prices is folly. And an even bigger joke is paying any attention whatsoever to the propaganda that comes from the analyst community. There objectives are simply to create and the best way to accomplish this is to broadcast their wothhless opinions to everyone who is dumb enough to listen. I am not going to be foolish enough to give an opinion, but have no problem conveying my take on the constant lack of conviction that the general public has in their own ability to make an investment. If one chooses good companies with good management, they need not worry about cycles and all the other non-sense that they seem to believe is important. No one on these boards knows what is going to happen and if any of you happened to sell your semi-related stocks last August/Sept you certainly could not have done so based on the useless opinions of Wall Street analysts and forums's such as this. So why do all of you seem to be buying right back into the same unreliable method of forming an opinion and gathering information ?? It's certainly beyond me !!!! Joe

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