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

To: dr_elis who wrote (36626)	8/11/2000 8:05:54 AM
From: michael97123	Respond to of 70976

Michael, Excellent post. I am one who got down yesterday. But lets face it Nasdaq was down 90 and investor sentiment has been lousy this week. The question to ask is if we believe a rally is coming, which stocks and which groups will lead the way back. I vote for semis and amat when money looks for and finds values in the tech sector. I have my orders in at 60 to buy more just in case. I did this with amat last year with amat whenever she retraced and ALWAYS made money. And when i needed to reweight my portfolio I even got the opportunity to sell some amat in triple figures. I will do this all again and hope to sell some in the 150's sometime next year. Mike

To: dr_elis who wrote (36626)	8/11/2000 8:15:15 AM
From: w0z	Read Replies (4) \| Respond to of 70976

Interesting discussion about the semi- equipment cycle! Has technology reached the point where it is generating its own momentum by shortening life cycles and lowering costs in every aspect of our lives? For example cell phones are obsolete in 2 years and old market models based on percent penetration no longer apply. Markets are completely turning themselves over in very short cycles in many areas...not to mention the new applications that are announced daily. The real question in my mind is whether the rate of semiconductor capacity expansion is more or less than the rate of expansion of all the markets being created and revolutionized by technology. Semiconductor capacity may be filling the glass very quickly but application expansion, lower costs and ever shorter cycle times continue to make large holes in the bottom of the glass. It seems to me that we may have reached an inflection point in the use of technology where it is generating its own momentum and I doubt that anyone has the ability to forecast exactly what will happen. These are certainly interesting times to live and invest!