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


To: Proud_Infidel who wrote (49265)7/17/2001 8:58:08 AM
From: robert b furman  Read Replies (2) | Respond to of 70976
 
Hi Brian,

If one is a long term buyer,over time,one learns to buy during periods of fear.This particular selling frenzy offers a turnaround time line that is of much smaller time duration than the beginning of a cycle decline.

I suspect that a dip here,which will require a shorter holding time period for a reversal to develop,will bring in buyers at a higher level than it did back in October.Couple this demand with the covering of short positions and we will see the existing consolidation be tested butstill intact.

If a complete retest of the Oct 01 lows occurs it will be a gift and one of the best timing buys offered up in the next several years.

All of this spin is so hyped. If you would 've told me that Morgan felt the turnaround would occur in 6 months and that when it happens - they all happen at once - I'd call it a gift from a guy who's seen it happen before enough to know what he's talking about. JMHO

This is a great buying opportunity.The degree to which one catches the exact bottom has alot to do with luck.But I for one really like the timing here.

JMHO

Bob