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

To: Jerome who wrote (52533)	9/19/2001 12:59:25 PM
From: Jerome	Respond to of 70976

Interesting Options on AMAT & NVLS.... The October Options for AMAT and NVLS that are 10 points+ out of the money are showing the most activity today. For NVLS those would be the Oct 35's, 40's, and 45's For AMAT those would be the Oct 40's 421/2's and 45's

To: Jerome who wrote (52533)	9/19/2001 1:04:32 PM
From: Proud_Infidel	Respond to of 70976

Jerome, There was a report that retail investors(us) were net buyers on Monday.....the WS firms have had Buys on 99.9999% of all stocks, yet have been net sellers by far over the past 18 months. Nothing these guys do comes as a surprise to me at this point. BTW, the Dow looks very vulnerable here. Weren't the gurus the ones who have been saying to rotate into consumer stocks? Well guess what, the consumer won't be buying a PC and probably will spend only what is absolutely necessary at this point. Yet many of the consumer stocks(KO etc) are richly valued considering their growth prospects. KO's PSR is nearly twice that of AMAT; can someone please explain this? Regards, Brian

To: Jerome who wrote (52533)	9/19/2001 1:10:09 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Jerome, Some MFs are facing forced liquidations. Others sit on piles of cash as the only defensive posture they can take. Any perceived notion of a patriotic duty to buy stocks may conflict with their risk tolerance or perceived fiduciary duties to protect shareholders. MFs are also engaged in a day-to-day competitive struggle for performance against each other and their benchmarks. These are fallible human beings. The need for active managers to constantly outperform frequently shrinks their time horizon. Many MF managers are recent B-school grads in their 20s and 30s who have never witnessed markets like these. Does this help?