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

To: Jacob Snyder who wrote (47469)	5/31/2001 12:57:59 PM
From: Michael Young	Read Replies (1) \| Respond to of 70976

AMAT and NVLS better get back and stay over 50 in a hurry. Otherwise the bulls will abandon the group. MIKE

To: Jacob Snyder who wrote (47469)	5/31/2001 8:49:34 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Jacob, serious layoffs have yet to begin in the semi equips, it is just a matter of time...IMO. The 60min chart is indicating next leg down at about $47 as it stairsteps down. I see no compelling reason to take a long position at this time. Buying PUTS has little risk and doesn't tie up much capital. Might as well see reality as it is, no sense "hoping" that it might go up when business conditions continue to deteriorate....there will be opportunities to go long at much lower prices, IMO..... Regards, BB