Skeets:<<i'm done debating here. i'll be back after it tanks, though.>.
Hey, wait a minute ...you can't leave yet. I'm the one that invited you to come to this party and I haven't had a chance to blast your position yet. Oh, that's O.K., go on, don't let the door hit you on the way out.
But, while you're gone, this gives me the opportunity to review your historical {hysterical?}position on AMAT and to review my all time favorite post I wrote to you. You recall last November our AMAT discussions on the Bob Brinker thread. Brinker predicted all time highs for AMAT in 1998 or 1999. First, you to Kirk on 11/19 when AMAT was at 38.
Skeets:<<kirk, i analyze businesses. amat's business sucks and sucks bad - just as i've predicted. i suspect it continues much longer than ALL of the current buyers think it will. if you or bob brinker predicted that amat's business would swirl with the tidy bowl man in the toilet while the stock rockets near 20% of ALL TIME HIGHS, more power to you.>> From the same post....
Skeets:<<,also, amat is a buy at $12 for me.>> No Kidding!!! Really?
Then, on 11/20 with AMAT at 39 you had this to say...
Skeets:<<new highs for amat would be $54 or so, right? i will say that i REALLY DOUBT we see $54 or higher in 1998 or 1999. i'm extremely positive that amat's business will not support that kind of price.>> Gee, hate to tell you this but AMAT eased over 54 on 01/06/99. And then finally this from the same post....
Skeets:<<jeff, now you know that is a dufus question. surely, you know that gaining 50% in a few months is the kind of wrong that makes our right calls look bad. :-)>>
Hmm, I was wrong to be long, Brinker was wrong to predict new highs, the market was wrong for the AMAT 50% gain and you were right but the market made you look wrong....and, Skeeter, this led to the following response.
<<
Subject: Bob Brinker: Market Savant & Radio Host
To: Skeeter Bug
From: Jeffrey D
Nov 20 1998 3:44PM EST
Reply #8729 of 9008
Skeeter:<<jeff, now you know that is a dufus question. surely, you know that gaining 50% in a few months is the kind of wrong that makes your right calls look bad. :-) congrats.>>
Let me see if I have this Right. I was Wrong to buy AMAT because business is bad. I got the Right result even though I was Wrong. You were Right about business being in the toilet but AMAT proved you Wrong. You were Right about AMAT going under 25 even though you are now also Right that 25 or 22 is no big deal and a minor point. You are Right and Bob was Wrong when he said AMAT would not go below 25. He is also Wrong to say AMAT could reach 52 week highs or all time highs in 1998 or 1999 due to business being bad even though the market might prove him Right. His Right conclusions are based on a Wrong read of the market. Your Right read on the market might lead to a Wrong conclusion because the market is crazy. The market is Wrong to be so crazy and you are Right because you have analyzed the business Right.......
Yes, I think this sums up your crystal clear position on the matter. Jeff
>>
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