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


To: Justa Werkenstiff who wrote (54614)10/24/2001 3:21:06 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 70976
 
re: a lower low at around $24 before this is over

Have a time-frame on that?

I'm guessing we don't get any tax-loss selling from here to year-end. Then, we get a lot of cash sloshing into stocks in early 2002. This goes on until the Fed quits their monthly 1/2% rate cuts and liquidity gusher. Then we get a topping formation. Then you get your 24. Or lower. Late 2002 or 2003.

BTW, I remember with nostalgic fondness, the debate I had with you in 1998 about the influence of Fed policy on AMAT stock price. Can't remember any of the details, but I remember you taught me a lot.