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To: Car L who wrote (132037)	4/10/2001 4:14:55 AM
From: Amy J	Respond to of 186894

Thread, From AMAT thread, nytimes.com April 8, 2001 Market Watch: In Stock Prices, What a Difference a Digit Makes By GRETCHEN MORGENSON Bottom fishers beware. When stock prices sink to single digits, the odds are that they are sunk for good. That is the conclusion of a study by Thomas W. Watts, Internet infrastructure analyst at Merrill Lynch. Going back to 1985, Mr. Watts studied the trading of 1,900 publicly held companies spanning the technology sector. He found that of those companies whose stocks had fallen to single digits, only 3.4 percent rebounded to $15 or higher within the next year. Most of those that didn't bounce back in the first year never did. Mr. Watts said he got the idea for the study from individual investors who repeatedly told him that their former stock market darlings, down as much as 90 percent from their highs, looked cheap. nytimes.com Regards, Amy J