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

To: Ian@SI who wrote (34823)	4/14/2000 1:31:00 PM
From: Jerome	Respond to of 70976

>>Not sure that any meaning could be inferred from a few minutes action.<< A lot near as I can tell. Of all the stocks you mentioned SVGI is the surprise of the day. That's the one stock where they shoot first and ask questions later. The last hour (or 10 minutes :^) will tell us where we are heading next week. SUNW because it is trading up is the first break in the pattern I was talking about its actually up 3 1/4. Regards, Jerome

To: Ian@SI who wrote (34823)	4/14/2000 1:43:00 PM
From: XBrit	Respond to of 70976

Ian, KLIC has both surprised me and saved my ass this week. Given its wonderful fundamentals and very low valuation, it may lead the sector back next week. On Wed and yesterday we had two huge block buys (540K then 250K) totalling over 3% of the company. Right after CSFB initiated coverage. Some nice big boy has soaked up most of the float, that is the biggest explanation of the strength I think.

To: Ian@SI who wrote (34823)	4/14/2000 2:10:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

AMAT holding up nicely. It really hasn't even broken out of its rising channel, although it is now sitting at support, at about the level where it bounced in late Feb. mid-March, and April. I've been expecting this kind of break in the Nasdaq, but I expected it last year, and beginning at much lower levels. Still holding QQQ puts. The ones I bought last Sept./Oct. are expired or still losers. The ones I bought this year are making me money. Overall, though, I'm a bit behind. And AMAT hadn't come down enough to make my decision to sell in January 2000 a good choice. Yet. But, overall, I'm right where I want to be. The stocks I've bought this year (medical equipment, mobile home builders, WCOM at 42 recently) are holding up well, and I'm still mostly cash, waiting for capitulation in quality stocks. Unless AMAT goes down a lot further, I doubt I'll be buying it. Around 50 is still my buy-price. Other quality techs look like they will be better values: Microsoft: when was the last time it was out of favor, hitting 52-week lows, breaking support levels. When the momentum guessers finish selling that stock, I'll be loading up on 2003 LEAPs. WCOM: now on sale, at a forward PE of 21. Symantec?? EMC??? INTC??? I'm sifting through the trash Mr. Market is throwing out, looking for diamonds.