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

To: Gottfried who wrote (50259)	8/7/2001 12:47:13 PM
From: Kirk ©	Respond to of 70976

DB Alex. Brown says fundamentals weakened more than expected, and aggressive pull-in at end of quarter makes low end guidance likely; sees significant uncertainty in Q4 and beyond, and says recovery not within limits of visibility; advocates caution. I am trying to find where these people were upgrading or buying in December or again in the April lows. Silly me... but I can't find where DBAB or CSFB were buying when the stocks were cheap or selling at the top. I see where DBAB gave this "wise advice" in Dec. 6-Dec-00 Deutsche Bc Alex. Br initiated: at Mkt Perform biz.yahoo.com Being that THEN AMAT was about $35 and today it is about $50... if they thought it was a market performer at $35 then DBAB must think it is REALLY OVERVALUED at $47. Yet they move the stocks... absurd. Almost as funny as the report a few above your post that says the orders will come back slower than they many expect. Yeah, flip a coin. I wonder if the analyst predicted how fast the market would fall? If not, then why would anyone believe them now? I wish they had to put on funny hats and carry a sign that says "Come on Down!" when they give their sales pitches... they remind me of late nite used car salesmen. Kirk

To: Gottfried who wrote (50259)	8/7/2001 1:17:16 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

FWIW, ST-Trading: I just covered my remaining LRCX short play here at $28 for a small overall gain, but a nice improvement from earlier today. Close-out status of all short-term plays since 7/24: +$9260. I'm now back to 100% cash in my short-term trading account and have bought back my AMAT long position (although that's already down $1K since I purchased it this morning). I was lucky this time around. Thank you CSFB. Time to regroup, reevaluate and look for the next play. AdvocateDevil