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Politics : Formerly About Applied Materials
AMAT 235.24+4.5%Nov 19 3:59 PM EST

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To: Jacob Snyder who wrote (21535)7/11/1998 11:45:00 AM
From: Teri Skogerboe  Read Replies (1) of 70976
 
JS,

Re: "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."

I couldn't have said that any better. And to me it was worth repeating. So, what happens to the angry bulls now? (mostly a rhetorical question). tls
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