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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (34027)	2/3/2000 8:18:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Lone Star, TA is useful, but there are times to ignore it. One such time is when you absolutely , positively KNOW the boom will continue a couple more years. Back in summer/fall of '97 such sentiment existed. You could look it up. But history does not always repeat. :) Many TA users also monitor fundamentals. But TA tells you more about supply/demand for the stock. It also helps to know something about sector and market health in general. That's where Paul's bullish percent comes in. After all is checked, there ARE stocks that go up even in a bear market. As Forbes columnist Ken Fisher said in his latest column: "it helps to be lucky". It may come to pass that simply holding AMAT is the easiest and best strategy for the next few years. Nobody knows for sure. And some may want to use their gains next year. Not everyone has a 5-10 year horizon and not everyone is willing to shrug off a possible 50% decline should the optimistic forecast fail. Gottfried