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: robert b furman who wrote (42147)	2/14/2001 8:16:30 AM
From: michael97123	Read Replies (2) \| Respond to of 70976

Bob, Are you saying the selloff you see today and for a few days more i guess, could be the bottom? My belief is that with new federal regs, ceos cant do anything but be bluntly honest and present the worse case scenario. Morgan followed Chambers yesterday in doing this and they both mirrored what Wilf of LSI said a week or two ago. The bar is set so low now that next quarters earnings should easily me met and probably surpassed. This is all a set up(both deliberate and accidental) for the bull market to follow. I am sure AG is not happy about what happened yesterday when the pundits picked apart his speech. A bad day or two in nasdaq will get us that intermeeting rate cut toute de suite. The key to his remarks yesterday was his keen understanding of the increase role of investor and consumer psychology in the mix. Also I hear that many co's are waiting for the next cut(or cuts) to commit to new spending. If this is so this interim cut should be 3/4 point or more in order to get that problem fixed. Make no mistake about it, because of those psychological factors AG talked about this recession could turn nasty. If he is waiting for rear view mirror statistics to justify his actions, we are in trouble. I believe that he will anticipate events and cut rates by early next week. That works nicely with your blowup theory and bottom in the same time period. MIke

To: robert b furman who wrote (42147)	2/14/2001 11:01:05 AM
From: John Trader	Read Replies (1) \| Respond to of 70976

Bob, AMAT is up about 5% right now. I wonder if all the AMAT recommendations this time (e.g. Abby Cohen, various brokers, mutual fund managers on CNBC, etc.) are going to cause the stock to not bottom like in previous cycles. But then again, maybe we just have to wait a few months. I mostly looking to buy AMAT when its price is depressed relative to other tech stocks I own. The best opportunity for that was last year, but did not buy a lot then in order to defer capital gains taxes. Hope another good opportunity arises soon. I will also buy if the price gets low enough, regardless of other techs. I will try to remember to post immediately after I pull the trigger. That is a great idea, lets share our timing thoughts. I bought a little when it hit 36 back in December. I did not notice it till later that day as a limit order got hit. Wish I backed up the truck instead right now, but maybe we go lower soon, maybe a lot lower even. This tech crash sure is interesting. If we could only figure out how long this downturn/recession will last. Lots of confusion it seems recently, which should mean opportunity, as you pointed out. John