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

To: willcousa who wrote (37652)	10/2/2000 5:42:26 PM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

FWIW, I cannot fathom any reason, other than tax-loss selling and mutuals clearing losers from their portfolios, that AMAT is down so precipitously. Fundamentals remain very strong, and the 2000 PE is about 20 -- in a growing industry. Therefore, I once again violated my own rules against timing and bought some calls -- too many days ago. My point is that I'm convinced that there will be a substantial recovery in AMAT (and others), but I'm just hoping it'll be soon. There has not been any peeps about negative surprises so I think we LT holders who kept our bloomers on will be rewarded. fred