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

To: Cary Salsberg who wrote (48039)	6/17/2001 3:48:21 AM
From: Math Junkie	Respond to of 70976

He can still attack you via public messages. You just won't be able to defend yourself because you won't see them.

To: Cary Salsberg who wrote (48039)	6/17/2001 1:20:39 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Cary, I dont doubt you have posted all that you say. It is impossible for me to keep track. But as i remember it you had long term portfolio that wouldnt be touched and then you sold amat. You had buys on cisco at close to 19 and then that turned out to be odd lots to round up. I didnt get that. When prices got close to many of your buy points you suggested you were going to lower the buy points and so on. Thats exactly what i did in Y2k when i failed to unload at prices i said i would. It is just not clear to me what you do. I dont doubt that you have done better than I but i dont see a strategy in all of this. Much of it strikes me as timing and luck and is expressed with much self promotion. Why dont you start a newsletter. I might subscribe. . mike PS Your quoting of Nortel CEO about lenghth of recession was laughable. Look at what he said in March of 2000 and see how that prediction turned out. These are the same folks who we chastise for being the ones who loaned all that money to customers and so on. Now its the holy grail.

To: Cary Salsberg who wrote (48039)	6/18/2001 12:49:51 AM
From: Paul V.	Read Replies (2) \| Respond to of 70976

Cary, Gottfried and threaders, on the CSCO site some are stating they wish to buy CSCO when it breaks beneath $10. An interesting quote was published on the Dorsey Wright site to which I subscribe. The following was my post of the quote to the SI CSCO site. IMO, we better not wish for stocks to go to low--we may get what we wish for and the consequences. MHA, better hope that CSCO does not fall under $10 per share. According to a Dorsey Wright site, New Your Times writer Gretchen Morgenson in her research stated that, "the recovery rate for is grim" for stocks falling beneath $10 per share. "Of the 437 companies that became one-digit wonders in 2000, only five have come back in 2001. That is on 1.1 percent." The causes are: "Many professional money managers, like thos in charge of mutual fund porfolios, are barred by their firms' bylaws from buying sotcks under $10. . . And for many companies with low-priced stocks, the mere fact that their market value is low makes it difficult to tap the stock market for money. That is because investment bankers find it much easier to raise money for a company whose stock has rocketed in the recent past. As for takeovers, forget about it. Since many of these low priced companies are short on cash and facing potential bankruptcy, from a strategic acquisition perspective it makes more sense to go after the assets at a reduced price onct the company files bankruptcy, then play the good Samaritan and bail out a troubled company by acquiring the assets, not to mention the debt." MHA, IMO, we better not wish for single digits in CSCO. We may get our wish and something we do not want. Just my opinions and those quoted. Paul<b/>