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

To: Jacob Snyder who wrote (55284)	11/9/2001 12:59:53 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

Lehman Brothers semiconductor analyst Dan Niles said Thursday the Semiconductor Industry Association's annual growth forecast for the industry in 2002, is still "too high." Late Wednesday, the SIA forecasted global semiconductor sales will grow 6% from a 31% decline in 2001. Niles, however, expects the chip industry's growth to be flat or even lower in 2002. According to Niles, 1Q 2002 sales will be seasonally down, despite commentary from many companies that the 4Q is the bottom. This was copied in part from another SI post: siliconinvestor.com AdvocateDevil

To: Jacob Snyder who wrote (55284)	11/9/2001 1:04:44 PM
From: John Trader	Read Replies (1) \| Respond to of 70976

Jacob, I was grimly hanging on in Sept. That was scary. My enthusiasm may be my undoing some day. One reason to sell the rallies is to buy the dips, and each time this works, the more one can rationalize it. I like your approach, but not sure this is the time for me to switch to that. I just took a nibble here at CHKP. My gut feeling is that the market goes up, and AMAT goes into the 40's, but given my track record at these short term calls "lookout below!". I am positive partly because of the war effort, it seems things are going well now, and my guess is this continues. I am betting the world wins over the terrorists. However, I am watching things, and will move out of margin quickly if I can, if the situation changes. One good thing in the last month though, my portfolio is up over 50% in this time. Nothing to brag about though since I have been hammered overall so far this year. John