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: michael97123 who wrote (43475)	3/11/2001 11:52:15 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

As I mentioned in the older post, I am holding SVGI which will "soon" be converted to ASML. I have an old position in CSCO and the puchase at 18.96 is just to make my holding a round lot (multiple of 100). I don't have buy points for ASML. Buy one level of ASML when you buy each level of AMAT or KLAC or NVLS. If I were starting a new position in CSCO, I would probably start at 18.96 and buy down to 12, but I would much rather buy the semis and semi-equips I listed. I think you should hold for a year because 20% is a lot better than 70% on your $10M capital gain.

To: michael97123 who wrote (43475)	3/11/2001 12:04:58 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 70976

As long as you're receiving sage advice... Michael - those of us who have been associated with the equipment sector for any length of time have learned, by brutal experience, that trusting any sentence which begins, 'The sector will do XYZ only when the following events occur' (as in, 'The bottom will be reached when....'), is absolutely fraught with peril. Whether attempting to define the market elements requisite for a top or a bottom, predictions for such events are notorious and, virtually without fail, wrong. The current market is an opportunity to invest in the equipment sector, whether it be AMAT, or KLIC, or whatever other company you feel will gain market share during this slowdown. A little patience at this stage, without the faintest consideration of timing the exact bottom, will reap substantial benefits in the not-so-distant future. The SEMs may be in for further contraction. However, in light of the ~60-70% retracement over the last 12 months, the proposition that the majority of pain is behind us is, I believe, well founded.