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


To: Lone Star who wrote (37512)9/27/2000 12:12:45 PM
From: rsie  Respond to of 70976
 
I would guess that this thread still believes that the semi "cycle" is still with us and that there will be downturns going forward...? I for one do not want to go thru a "bear" market in any sector-particularly in the indexes(Dow,S&P)...If this is a "bear" market, there will "the mother of all buying opportunities at the bottom"..Yes, I will happily pay my taxes and sit on piles of cash.....thank you....good luck in your investments....Rich



To: Lone Star who wrote (37512)9/27/2000 4:45:26 PM
From: Proud_Infidel  Respond to of 70976
 
Lone Star,

. I am so far ahead of where I would have been, trying to jump in an out, by that VERY simple step, it is not even funny.

I too have held AMAT through the dizzying ups and downs although not nearly as long as you have. Your post made me want to repost a Buffet quote I recently found:

Buffett wrote in his 1996 annual report that "inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit had reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?"

BK