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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: Jacob Snyder who wrote (20259)6/12/1998 2:16:00 PM
From: 16yearcycle  Read Replies (2) of 70976
 
"as long as semi companies are doing this, I'm waiting"

Jacob,

We pay a premium for a sunny outlook when buying a business. Yes, I think it could go lower, and I think it will go lower. But I want to have a fair amount prior to the fire sale at 20. At that point, we can buy one of the worlds greatest companies for a fraction of its value.

I am also using 1650 on the nas, and a 210 soxx index, as points to step up the aggression, although I may not buy equips at those points.
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