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

To: michael97123 who wrote (41910)	2/7/2001 5:16:54 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

What I find troublesome about the market is that every two or three days there is some reason why the Nasdaq has to tank. Today it was Cisco, prior to that it was the Fed. and before that it was Dell and prior to that INTC, and prior to that Motorola, And so the list goes on and on. I'm sure that when AMAT reports the market will use it as an excuse to fall again. I would have thought that a market about to rally, would be giving excuses for a reason to rally. As I see it (a prolonged rally) its just not here. Jerome

To: michael97123 who wrote (41910)	2/7/2001 11:49:37 PM
From: FR1	Read Replies (1) \| Respond to of 70976

I am in the same boat as you (ignoring the interest rises last year). I lost tons of money. I have finally learned my lesson but only after seeing a fortune go by. The lesson is this: buy puts under whatever you carry and you can't get hurt. Right now I have JDSU, AMCC, AMAT, and a put on every share. If everyone starts talking recovery I will make some money. Days like today when everything crashes I feel no pain at all. I don't lose a dime (except the original cost of the put). IMHO: 1) Nobody can call the bottom. 2) All the wags are out there saying second half. 3) Taiwan is saying next month is probably the bottom. 4) It all depends on capX change and that is anybody's guess. 5) The demand for broadband is still enormous. 6) If you are not invested you can not make money. 7) This leads to the idea of buying puts on a month by month basis. 8) Write off the put cost and know that that's the only money you can lose.