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

To: michael97123 who wrote (37506)	9/27/2000 10:54:03 AM
From: rsie	Read Replies (3) \| Respond to of 70976

I was fortunate to sell my holdings in January and February..I have been making a 5% in a money market for the past 8-9 months-with no market risk whatsoever......but I am so far ahead of where I would be if I had kept my stock holdings, by that very simple step, it is not even funny...and am trying to decifer what to do with all that cash....however, looking at the big picture...I am just watching all the semi cap equip cos. slowly sink in the west....I look at the "bubble" in the nasdaq in March as a blow off the top and am concerned that it portends very serious problems in the near future....JMHO....Rich

To: michael97123 who wrote (37506)	9/27/2000 12:29:22 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

re: a signal that the bottom is near is when folks such as you begin to question the long term value of their holdings after a 50% haircut. Maybe, maybe not. If we are going to have a 80% haircut (an example, not a prediction, please no flames), then a trader should get out now, and wait for the bottom. A true LTB&H investor should just ignore the year-to-year volatility, and count on the share price appreciating in proportion to the EPS growth. Having posted and lurked on this thread since 1997, I think the only real LTB&Her is Lester. The rest of us are traders (including me), trying to time the tops and bottoms. From what I've seen on privious downturns, the Bulls only begin to think about bailing at 50% down. Remember, 30% declines are just normal volatility, and can happen repeatedly during the upcycle. Lots of hope still out there. Lots of disbelief and Denial still out there. Lots of people still fighting the market.