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

To: Joseph Beltran who wrote (37367)	9/21/2000 6:07:42 PM
From: StanX Long	Respond to of 70976

I also think this is a buying op. only 400 at 66 sold yesterday 500 at 76

To: Joseph Beltran who wrote (37367)	9/21/2000 6:19:10 PM
From: Jacob Snyder	Respond to of 70976

I'm thinking about buying also. Trying to decide between AMAT, WCOM, and QCOM. Trying to decide between LEAPs and stock. All should be on sale tomorrow, as CNBC has a rerun of "Invasion of the Net Worth Snatchers", (commentary by Maria Airhead, music by Andy Grove And The Analysts). I'm looking at the chart, and (without my rose-colored glasses and microscope), I can't see an ascending staircase. I see, instead, a pattern of lower lows and lower highs, since the April high. If we take out the August lows, that pattern will be confirmed. For a while it looked like 70 was support, but that has clearly failed now. Sentiment on the semis is definitely changing. Lots of denial still. Based on watching 3 cycles, I'd say AMAT needs to be 50% off its highs, before it's safe to even think about buying back. We're close, now. But, overall, I think I'll watch a while longer (and a little closer). In January, I posted that I'd sold the AMAT and INTC 2001 LEAPS (bought in summer-fall 1998). For a while, that sell looked very dumb. Now, it looks smart. It may be time to recycle that money into 2003 LEAPs.