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Politics : Formerly About Applied Materials
AMAT 323.15-0.6%10:30 AM EST
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To: Andrew Brockway who wrote (18372)4/1/1998 4:31:00 PM
From: Proud_Infidel  Read Replies (2) of 70976
 
Andrew,

Agree that the market doesn't normally act like this. My point is try to buy at points of maximum pessimism. IMHO, we experienced this last DEC/JAN. Since a # of cos. have already come out w/ warnings(KLAC, QNTM, INTC......) yet they are higher than where they were before the warnings, I take this as a sign that we have already reached our point of maximum pessimism. Many others disagree. But fighting the tape will get you nowhere, as I learned last Oct. We will probably head lower, esp if AMAT warns which I think they will, but if you are in it for the LT then establishing a position in the 33-35 range is about as good as you will get barring any shocks. If you are looking for a quick trade, then no I would certainly not be a buyer here.

Regards,

Brian
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