Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 231.46

+2.8%

9:42 AM EST

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To: tr who wrote (21513)	7/10/1998 11:47:00 PM
From: Jacob Snyder	Read Replies (2) of 70976

tr: excellent strategy. Many people say they're going to follow that plan, but find they don't have the courage. We are herd animals, and it is very hard to keep your head when the herd is stampeding. This next downturn is going to squeeze out everyone who is holding the stock hoping for an upturn within 12 months. Once that happens, then the only people left long will be the "strong hands", the very long-term value investors with cast-iron stomachs. Only when the stock is in their hands will the risk of a further sharp sell-off be gone. When pessimism is at it's height, when every Fidelity fund has sold their holdings, when everyone is calling it a cyclical, when no analyst dares issue a "strong buy", then it will be finally safe to hold the stock. Ain't there yet.

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