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

To: John Trader who wrote (46601)	5/11/2001 1:56:48 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

John, OT *** GLW You have already done the FA. TA tells me there's no rush to buy. It's selling at levels of 2 years ago now and is still under the 50 day ma. Downside is probably 20ish. stockcharts.com[w,a]daclyymy[d20000901,20010511][pb50!b200][vc60][iUb14!La12,26,9!Lc20] On the other hand if you think the biz will recover and maybe you'll get a double in 2 - 3 .years there's no reason I see not to hold it. G

To: John Trader who wrote (46601)	5/11/2001 1:58:47 PM
From: michael97123	Respond to of 70976

John, I own it but i know less about fiberoptics than i know about chips but the guy who pointed it out to me is real smart and he own glw and jdsu. . Sunny warm today in NY. Wall Street types will be leaving early to get a jump on the traffic. Market usually rallies on summer fridays when tone of the market is good and some of the big boys are on the road. Look at the narrow range naz has traded in today. I just cant wait for 3943 to arrive. Retail sales bolster what could be the fundamental underpinnings of that guys prediction. Rally here because of renewed growth and then big fall when it becomes recognized that there is no follow-thru in 2002. Boy Republicans will get creamed in 2002 if that happens. Mike PS I am loving this scenario for reason of personal greed only. I hate gloom and doom scenario which this one implies. 2003 for recovery is a long ways off and we may be doing the stagnation for longer than one year.

To: John Trader who wrote (46601)	5/11/2001 2:24:18 PM
From: michael97123	Read Replies (2) \| Respond to of 70976

John, Market is down today because good news (retail sales) is perceived as bad(smaller rate cut). Does it really matter whether AG lowers rates 1/4 or 1/2. He had done plenty and now perhaps it is believing in pushing string theory to expect much from this cut. So what is the market to do--rally of course because we are not(now) heading into recession and all signs point to recovery. Thats what the market should do now in my opinion. Mike

To: John Trader who wrote (46601)	5/11/2001 6:03:02 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

AMAT and GLW both have ~$11 book value. AMAT has ~$5.00 cash/share and $.90 debt, while GLW has ~$1.25 cash/share and $4.25 debt. Business prospects for both look poor over the next year. I suspect that the barriers to entry into AMAT's business are far greater than those into GLW's. I will buy AMAT at lower prices. I will not buy GLW even though my last refusal to buy at Sam Citron's suggestion cost me BIG (provided I sold at the correct time).