Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 262.41

+0.6%

3:43 PM EST

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To: jtechkid who wrote (22292)	7/30/1998 6:14:00 PM
From: Ramsey Su	Read Replies (1) of 70976

jtechkid, I for one would rather miss the opportunity to catch the bottom than to risk jumping in now. Lets assume today is indeed the bottom and the sector is going to start moving up, I think I will wait for some confirmation at the 39 or over level, with volume and some signs that semi prices and demand have turned positive. There will still be plenty of profit above that level. On the other hand, I prefer to see the new Japanese government show their cards. A few of them had been turned over. Bad debt amount is now estimated at $1 trillion vs the $500-$600 billion figure commonly used before. New MOF is not going to take much action to support the yen. Bridge bank is going to be structured with no intention of allowing bad banks to fail. Within the next few months, we should be able to see their strategy and make a new assessment. Until then, I am willing to forgo opportunity cost in exchange for sleeping at night. Just my 2 cents. Ramsey

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