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

To: Ian@SI who wrote (45531)	4/18/2001 1:19:15 PM
From: w0z	Read Replies (2) \| Respond to of 70976

Nonetheless, capital investment has continued to soften and the persistent erosion in current and expected profitability, in combination with rising uncertainty about the business outlook, seems poised to dampen capital spending going forward. This potential restraint <snip> threatens to keep the pace of economic activity unacceptably weak. I find it interesting that AG now clearly recognizes the impact of capital spending on productivity and therefore inflation...too bad he didn't seem to understand that last year during all the rate increases. I don't think history will judge him well for his actions the past 18 months...first creating a recession unnecessarily while jousting at inflation windmills...and now feverishly trying to correct for his past errors.

To: Ian@SI who wrote (45531)	4/18/2001 3:36:26 PM
From: Lone Star	Respond to of 70976

Alan is now clear as a bell- we're not going into a recession until I have used every power at my disposal- not on my watch.

To: Ian@SI who wrote (45531)	4/18/2001 3:55:35 PM
From: mitch-c	Read Replies (2) \| Respond to of 70976

You're telling me ... I spent Easter and a few days after in the SF Bay area with family ... just walked into the 1-2 punches of Intel's news and the rate cut - as well as a "job security" day at work after two days off. (Server crash while upgrading; I had to repel boarders while we fixed it.) I had a GTC order in for my last ANQ DJ's at 4 that (obviously) executed today. In at 1/2, out a 4, haven't calculated the gain. I also dumped slightly less than half my AMAT shares at 54.75. (I expect and intend to buy them back at a discount from here.) I've put in some day-only orders; one is for cheap APR 50 puts. (I understand this is a high-risk thing to do!) Rationale - this is a bump, probably short-cover driven, based on two pieces of very good news (INTC call and rate cut). I figure we'll drop back to an equilibrium somewhat. The last APR Max-Pain point I looked at this morning was 45, so I expect some "central tendency" to drive the price down as well. (Using my loose estimates for Max-Pain, it predicts a Friday close between 42.5 and 47.5. However, I don't expect it to be as accurate due to the two highly influential perturbations today.) - Mitch