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

To: John Trader who wrote (41197)	12/30/2000 4:49:40 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 70976

Your article dated 3/27/00 is history. The world economies are slowing down. Demand is slowing while in-process capacity is coming online.

To: John Trader who wrote (41197)	12/30/2000 5:31:11 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

The consensus seems to be the Nasdaq won't have any great gains this year, and techs will go further down for the first half of the year, so better to go defensive during this time. Given how right they were before, could this be a buy signal for January? The Nasdaq traded in a 2750 point range in Y2000 from around a low of 2288 something to a high of 5132. Now almost all of them talk of up or down 10%. There is no logic to that argument. That would put amat in a range between 35 and 42. Need I say more. I will take half the last years point volitility with 2500 as the midpoint which gives me 1800(which i certainly do not expect) to 3200. Those are conservative estimates in that range. I would expect 2100-3500 as a more accurate view. Of course end of year numbers while in recovery should be the strongest. So a 3500 close from a base of about 2500 is a 40% gain. Now it becomes a tech stock pickers market to improve those numbers.