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

To: Kirk © who wrote (43706)	3/14/2001 9:53:02 AM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

We seem to have been so trained to look for the capitulation or give-up that everybody is waiting to buy it. This seems to be the most orderly melt down in history. Another one for the books! And AMAT is positive for the day.

To: Kirk © who wrote (43706)	3/14/2001 10:42:19 AM
From: brunn	Respond to of 70976

Perhaps it was a warmup for today? It was. Put/Call spiked up to 1.16 this a.m. Today, definitely has a similar feel of previous "capitulations" with a broad sell off at its worst at the open and rebounding within the first half hour and never falling back to reach the lows of Monday--bottoms are created when support is achieved on panicy days like today. Of course, it would be most reassuring if the Nasdaq closed positive for the day. On the other hand, people may like to see higher volume for this to be the ultimate bottom.