Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Martin A. Haas, Jr. who wrote (23073)	8/18/1998 10:37:00 PM
From: uu	Read Replies (3) of 70976

Marty: > Mr. Fleckenstein,... named AMAT as a stock to short along with a few other tech stocks. And this idiot will cotinue to lose money big time just like he has for the past 3 1/2 years! He had a case if unemployment was high, there was a sign of inflation and there was the slightest possibility that interest rates were going to go up!! But because of lack of inflation and continued falling of interest raters, in addition to the long term investment mentality of the employed population (which by the way is at its highest in over 25 years) people will continue to send their hard earned money into their 401Ks, and IRAs very aggressively. For them waiting 25-30 years from now is not a problem and therefore they are not shy of buying stocks such as AMAT whose underlying company has run into a blip for the time being. They know 2-3 years from now (or even 10 years from now) AMAT will most likely be at $100+-$300+/shr and that for them is worth the waiting and tolerating the volatility! So I say best of luck to Mr. Fleckenstein type bears who despite them being killed in this market over and over and over again for the past 3-4 years they do come back and ask for more! The way I look at them is they end up causing AMAT reach $100+-$300/shr much sooner than anticipated due to them being squeezed everytime they try to time the market and go short on the stock! This is the same guy who has been short on DELL for as long as I remember and the funny thing is he always brags about his short position on PC makers (DELL being his largest short position in the PC sector followed by GTW and CPQ), and he is always blown away by the earnings and still comes back for more! Now this is what I call a genuine idiot! Regards, Addi Jamshidi

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