Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Joseph J. Clark who wrote (20237)	6/12/1998 1:38:00 PM
From: Jacob Snyder	Read Replies (1) of 70976

re: " Is it possible that AMAT will NOT be above $30 (substantially) in Jan, 2001? " I hope you bought the 2001 LEAPS with the idea of holding till 2000. By then, they'll be trading based on expectations for 2001. Once you've made the decision to buy, then it doesn't matter what they trade at for the next 18 months or so, because you won't be selling. If they go lower, and the reasons you originally bought remain the same, then the logical thing to do is buy more. So, the question is: has the outlook for 2001 changed? I don't think so. The long-term outlook for the company and it's industry have not changed since the stock was selling at 108. The only difference (let me repeat that: the only difference) is that Mr. Market is willing to sell you the shares for half as much. I regard this as yet another disproof of the efficient market theory. I intend to buy a lot of the 40 calls sometime this year. Repeat after me: "Mr. Market is an idiot, Mr. Market is an idiot, Mr. Market is........"

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