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

To: StanX Long who wrote (52506)	9/19/2001 12:52:33 PM
From: Jacob Snyder	Respond to of 70976

Wow. When support fails, there is nothing to hold the stock up. And the longer that support lasted, the further we fall when it finally fails. I bought more AMAT at 32.5 and 30 today, placed more limit orders at 27.5 Below that, I'll need to liquidate some of my housing stock (still by far my largest position), to be able to afford more AMAT. I'm buying on margin, also buying QCOM, TXN, CSCO today. If you look at the pattern in the 1996 and 1998 declines, AMAT stopped going down in the middle of the decline, and was in a horizontal range for months, before plunging to the final low. Looks like we're doing the same thing this time. I still think AMAT is likely to rally up to 40, in the next month or two. BTW, the futures lied. They frequently do. I ignore that data point, considering it just noise in the signal.