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

To: Proud_Infidel who wrote (50986)	8/22/2001 9:09:53 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

OT I think i will be taking a break from this for awhile because once again i feel the market consuming me. There is more to life than this. And if we agree on that we can maintain our optimistic bent if the face of this economic downturn. In my opinion, the market clearly lost perspective yesterday in a big way. When we rallied in april, it turned out to be based on a premature recovery and the rally failed. It is now almost 5 months later. We have general consensus that things have bottomed and we will stay at the bottom for awhile with a robust recovery coming no later than mid 2002. I can live with that. If the market do in fact anticipate future trends and overshoot in either bull and bear markets, I think we are AT the point now where both are now the case. We have overshot on the downside and perhaps are now retesting that overshot, and if there will be a robust economy 2nd half next year we should begin to anticipate it in the markets. Maybe a few weeks more of this pain, maybe an october mess who knows. Cant time this thing(except AD) at all. So maybe its time to look away at more important things--family, friends etc. and remain confident that all will be well sooner rather than later. mike

To: Proud_Infidel who wrote (50986)	8/23/2001 7:35:00 AM
From: John Trader	Read Replies (1) \| Respond to of 70976

FWIW, SFAM started business operations in 1951. Time is no guarantee of continued innovation or success. Good point Brian. I think a long history helps the odds a bit (e.g. GLW in business for 150 years) due to corporate culture, etc., but you are absolutely right. One thing you will have to agree on is that it is a real bummer when the company you invested in goes out of business. When a stock goes to zero you loose all your money regardless of what prices you bought in at. EXDS could be one that this happens to. Briefing.com wrote an opinion a few weeks ago in which they suggested this. Interesting how the pros liked that one so much when the price was way up there. I recall a special guest on the WSW show a little over a year ago who loved it at a price of somewhere around $75/share, but did not like IBM then. Then Liz-Ann Sonders (sp?) liked it at around $60/share I think. Then Brian Rogers I think picked it as one of his picks for the year 2001 on the same show at a price of around $20/share. It is now at $1.21/share. Ouch!!! I am not paying much attention to that WSW show these days given inputs like this. John