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: lrrp who wrote (40147)	11/30/2000 3:12:21 PM
From: daryll40	Read Replies (1) \| Respond to of 70976

Glad to see that even if the NASDAQ is still dying, the AMAT threat is again alive and well on SI. It has been down for almost a day. I knew this was going to be ugly last night when I saw AMAT trade at 39 1/2 in the aftermarket. It's 3:15 and the NAZ is down 100, DOW 248. I wonder if it will retest today's bottom or continue to rally off the bottom. The pessimist in me bets on the former. The whole NAZ bubble has been erased. Yes, we can now confirm that it was, indeed, a bubble. Daryll40

To: lrrp who wrote (40147)	11/30/2000 3:27:37 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Yeah, I'm sort of surprised myself. Reasons: 1. I want to stick to my discipline of being fully invested, and I decided to bail on WCOM today for the tax-loss (do you think I caught the exact bottom?), so that money needed to go somewhere 2. I watched the stock sink below 40, while lots of other stocks failed critical support levels. Then I watched it pull itself back to 40, and I said, "lots of people out there willing to step in at this level, even on a day like today". 3. Holding support, after months of bad news, capped by more sector-specific bad news recently, on a day that feels like market capitulation......this impressed me. 4. notice, I bought the stock, not the LEAPs. I still need to see 28-30 in the stock, before I'm willing to buy the LEAPs. 5. I was encouraged that the BTB was up last time. If we see two months in a row with falling bookings, I will probably sneak back to the sidelines. 6. 40 is closer to the bottom than 115. 7. this may be only a short-term holding. I'm a "weak hand" at the moment, and it won't take much to make me go back to the sidelines. 8. I force myself to buy when panic engulfs the market, and TrimTabs says cash is way up in stock mutual funds. 9. I see excellent odds of some good news for the market in the next 3 months: Bush will really and truly be President, the Fed will go to a neutral bias (but not actually lower rates), fears of a recession will fade. These ought to be good for a little 20% pop in the Nasdaq.