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

To: michael97123 who wrote (51622)	9/6/2001 4:33:40 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 70976

Most techs are up in after hours. The news was better than expected and the market is highly oversold. But I don't know how much upswing you can expect from the Intel news. They are after all coming at the lower end of sharply reduced expectations and that is despite having new product line in the pipe. I think the market is not going to go anywhere until someone says "hey, next Q I'll be making more hay than last". People are tired of guessing the bottom, IMO. On the other hand, I don't think we'll drop below the April lows. So from now on it is time to be extra selective about what you short and what you go long. ST

To: michael97123 who wrote (51622)	9/6/2001 6:47:40 PM
From: Fred Levine	Respond to of 70976

Michael and Katherine-- <<Tell me that brian and me are not crazy. The news of recovery and visibility is in the air and the market went lower anyway. Add no msft breakup to that mix. >> Add me to the list. Clearly there has been a change in direction, if not a turn-around, in the news. Finally, the news is not all negative, and IMO, is somewhat positive. I now look at the market as a trailing indicator. As I posted before, history does not allow for reliable predictions. Streams don't flood in the Spring because they have in the previous years, they flood because mountain water melts and that analogy doesn't fit predicting stock prices. Katherine, the article in the NY Times basically agreed with you abt the reliability of W2k. However, for many and me, I have the ol' pain-in-the-ass unreliable W98 and not W2k. fred