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

To: Ian@SI who wrote (46295)	5/5/2001 11:32:58 PM
From: Jerome	Respond to of 70976

Good Article, but a 15% stop loss in AMAT ( From 58 to 60) would carry an investor right to the bottom of the trading range. But if you happened to catch AMAT and NVLS at the bottom of the current trading range another 15% down would appear unlikely. I give him credit for having a plan and sticking to it. His November peak is something else to ponder. In one respect he might be right. If the economy does not show signs of a recovery by that month, then the stock market may take a very negative view of things in general. Thanks for posting it.... Jerome

To: Ian@SI who wrote (46295)	5/6/2001 12:47:59 AM
From: John Trader	Read Replies (2) \| Respond to of 70976

Ian, Thanks, looks like I got his peak number on the Nasdaq wrong (but I think I might be right, would need to listen the the tape again to see if the transcript was done wrong). The best argument I can think of for a Nasdaq that high is that hardly anyone expects it right now. No one expected 1600 when we were at 5000, so hitting 4000 1.5 years later does not seem impossible to me, if the tech economy picks ups nicely by then. John