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

To: Sam Citron who wrote (43591)	3/12/2001 4:55:42 PM
From: michael97123	Respond to of 70976

Sam, I will not sell them. I will take it to zero. But buy more, that's unlikely since the day the market reverses will only be known after the fact. My plan was to buy at 1800. I might do some short term trading at that level. One thing I will do is switch into stocks which i consider to have greater short term potential on the way back up. BTW, I do believe a relief rally will happen if AG acts boldly. Can they afford to sit in the ivory tower while Rome burns? It's going to be a long night and a long week if they wait until the meeting to lower rates. Market needs a full point--let inflation worries be damned. MIke

To: Sam Citron who wrote (43591)	3/12/2001 4:55:42 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Sam, I will not sell them. I will take it to zero. But buy more, that's unlikely since the day the market reverses will only be known after the fact. My plan was to buy at 1800. I might do some short term trading at that level. One thing I will do is switch into stocks which i consider to have greater short term potential on the way back up. BTW, I do believe a relief rally will happen if AG acts boldly. Can they afford to sit in the ivory tower while Rome burns? It's going to be a long night and a long week if they wait until the meeting to lower rates. Market needs a full point--let inflation worries be damned. MIke

To: Sam Citron who wrote (43591)	3/12/2001 5:41:41 PM
From: LemurHouse	Read Replies (1) \| Respond to of 70976

<<<What do you do on that capitulation day when you see your tech stocks down 20% on the day? Fold 'em, hold 'em, or buy more?>>> Frankly, that's pretty much what I'm waiting for at this point. If not the big one-day drop, then a continuation of the downward grind until we get capitulation. Mr. Market is developing some serious momentum on the fear/greed pendulum -- we're getting shrill reports from the popular press, friends who were asking me what to buy 12 months ago, are now asking me whether they should sell. etc. etc... All in all, I think we're setting up for some rather attractive buying opportunities. I'm keeping my powder dry and I'll be ready to buy when and if the true capitulation comes. As much pain as there already is out there, I don't think we're close to the bottom yet. Maybe we're getting close in terms of absolute dollar values in the NAZ, but the overall market's still gathering steam to the downside and I think there's still some time left before we turn. All the rending of hair and gnashing of teeth has frankly started me salivating like Pavlov's dog. Did anyone see the much-balyhooed MSNBC Sillicon Summit last night? What a joke. We may not have hit a bottom yet, but you can feel that its coming. FWIW. AD