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


To: Gottfried who wrote (43557)3/12/2001 1:49:55 PM
From: Kirk ©  Read Replies (1) | Respond to of 70976
 
I think we will see AMAT go higher before Cisco bottoms... but that could be wrong. On Relative strength... I like AMAT but I last added at $39 and would do so again if we trade there and I feel the future is not getting worse. Agree we are in a trading channel and I enjoy reading about those that seem to be making money between $40 and $50 but we are at $49.25 right now, up $2.25 for the day when the market is getting smoked... what will happen when money comes back and people look for leaders?... UTEK might be one to look at also... and I've made good money on LRCX

The semicapx stocks could trade here for many more months if the NASDAQ continues to squeeze out excesses...but I maintian my belief that we bottomed in AMAT and won't see $34 again.

Of course, take it with a grain of salt.. I took my profits out WAY early at $68 on the way up and it hit $115. I ONLY sold 12% or so of my position there, but more than enough to pay for every share ever purchased and then some. I'm mostly a long and play at trading to make extra mortgage payments. 8)

Kirk out



To: Gottfried who wrote (43557)3/12/2001 1:50:24 PM
From: Sam Citron  Read Replies (2) | Respond to of 70976
 
I would like to see the NAZ free fall stopped before investing.

My sentiments exactly. But watch out for the sucker rallies.
It's a bear market and most of the Naz is still overpriced.
CSCO looks to me like a good short though Cary can buy all he wants at P/S = 6 w/o violating Fisher's rule.