Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Jeffrey D who wrote (30266)	5/18/1999 5:28:00 AM
From: Duker	Read Replies (1) of 70976

G, I second JefferyD's sentiment. This FOMC stuff makes for nice press, but, unless you are a speculator or trader, who really cares if the Fed tightens or changes its bias two years from now? Tangent: It is like buying DIS. You know in your heart that you are getting to a level where you are paying a reasonable price for a pretty nice group of assets ... but, it would be much nicer to own it in the low-to-mid twenties instead of $28-29 ... five years from now I will be quite pissed if I have not accumulated a significant position below $30. I hope that the Fed tightens rates by 50bpts and rips into public valuations in an unprecedented assault on the equity markets. This would give us a solid panic ... which could be followed by some intelligent buys. Sorry for those of you with heavy gearing under this scenario. I am going to play golf ... hoping to come back to a market of lemmings ... ready to listen to what should be a good conference call this evening (simulcast for the first time on c-call). --Duker

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