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Politics : Formerly About Applied Materials
AMAT 232.46-1.2%11:39 AM EST

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To: klaus pluszynski who wrote (30116)5/13/1999 11:20:00 AM
From: Stefan  Read Replies (2) of 70976
 
I never claimed that other tech stocks are cheaper than semi equipment stocks.
My view is that tech stocks and I will not even waist my time on I-nut.com crap are overpriced. People are throwing their money at anything that is popular at the moment. This game might go on for another year or two or maybe even longer, no one knows, but once it is over there will be a lot of crying and blaming to go around.

Once the panic is over people will ask themselves what cause them to pay 3,4,5 times sales. They will not sound as smart then as they seem to now.

That IBM is up more then 50% in less than a month does this make sense? Well pundits say that it does. I say I am out of the game it scares me to be short or long, this is just too much. Press, TV and radio gives only a positive view of the market, which causes public to believe that everything as a OK. Is it?
Is Asian economy back on track? Pundits say it is. I say take a trip to Indonesia or Thailand and you'll know the truth.

I guess the old psychological trick still works "if you repeat a lye enough times eventually you will believe that it is a truth".

Good luck to all that have guts to play this market, I am out of it.
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