Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: willcousa who wrote (39162)	11/6/2000 10:45:27 AM
From: Joseph Beltran	Respond to of 70976

What's more amazing is that CNBC continues to give these clown outfits like SSB a forum to publicize their "opinions" without challenging them. I don't think CNBC has a clue as to how a big a disservice it is to their viewers to do so.

To: willcousa who wrote (39162)	11/6/2000 12:14:30 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Wilcousa, RE: "SSB has been about as wrong on tech as anyone. It is amazing they keep trying " Such action I described in 1997 as the "Wisdom of (King) Salomon." Recently in my Dictionary, I referred to them as "Winners for the Short-term but Losers for the Long-term." In the Spring of 1997 when AMAT after hitting 72 was on its way down for the normal YoYo Drop, one Lady Analyst of SSB downgraded AMAT. She was proven to be a Winner Short-term when the stock continued dropping until it hit less than 58. Later, when the stock hit the highest price of 108 3/8, the analyst was proven a Loser Long-term... Later the Lady Analyst was "kicked Upstairs" when she became from a Semi-Equip Analyst to a Semi Analyst. SSB may not be aware of it but it is very Lucrative for the Firm to have a Winner even for the Short-term only in its fold even if that someone would be proven a Loser later. In the Spring of 1999, another SSB Analyst downgraded AMAT that resulted in a YoYo Drop for AMAT from 71 5/8 to as low as less than 58 (again). Afterwards AMAT rebounded for a final YoYo Catch at the price of 230 (115 post-split)! The Analyst may not have been Kicked out but he changed Firms later. Now, SSB is at its usual self again --- downgrading AMAT for the sake of it. Next year, a Bull Market year when the New Administration tries to Undo what Greenspan did to weaken the economy to fight inflation, we will see how much of a Loser SSB will become. Time will tell...

To: willcousa who wrote (39162)	11/6/2000 1:51:19 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Re: SSB Their forecasts are one of the most bearish I have seen in projecting chip growth for '01. This should be taken with a grain of salt IMHO. Additionally, they say they are extremely cautious with cos. like AMAT, yet when the semis make their projected capex they are looking beyond next year. Building a fab from grounbreaking to processing is not done overnight. If in fact demand is as weak as many analysts claim it is, I am surprised we have not seen fab delays by the semi cos(other than the ones which have been delayed bc they cannot currently raise money in the weak equity markets). One more thing to add, they come out with this extremely cautious stance after the markets have already discounted bad news by 64%, a near historic retracement for AMAT. I cannot figure these people out; they may prove right over a very short period, but listening to this advice will not do anyone any good with a time horizon greater than 1 week. I thought you were supposed to buy at points of maximum pessimism. Currently, AMAT has a RSI of about 15 in a very weak market. Much pessimism has already been impounded into the price of the stock so IMHO(again) this type of advice(for lack of a better word) is nonsense. We will see in one week. Brian