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

To: michael97123 who wrote (55406)	11/13/2001 8:50:07 AM
From: daryll40	Read Replies (2) \| Respond to of 70976

Glad I didn't go short at $39.25 yesterday, as it looks to open near $40. Perhaps NOW would be the time to short. Daryll40

To: michael97123 who wrote (55406)	11/13/2001 9:22:49 AM
From: John Trader	Read Replies (1) \| Respond to of 70976

Mike and Thread: I am wondering, could this be similar to Dec. of 1990 for tech stocks? Maybe it is just wishful thinking, but I am getting more bullish here. I heard a retired US military guy the other day who said the terrorist leader over there will be taken out within a year max, by the "long arm" of the US military. If this war shows that the USA does indeed have a long arm, and that we can project awesome power accurately and justly around the world, and that we can lead other nations effectively in such efforts as this, then I think that is truly a good thing for all good people in the world. I have said this before, but I think this whole thing could turn out in a way that makes the world a better place. Maybe the nuclear disaster that could have happened will not happen as a result. Regarding technology - it is our friend and our future. Technology in our weapons saves civilian lives and will help bring terrorists to justice (or bring justice to them). Also, the idea that air power is very limited in effect may be proved wrong with recent advances in technology, and those to come. Lastly, technology for communications can help save the world's oil reserves and and make us more efficient and raise our standard of living as well. America leads in technology and is the leader of the free world. We just had a big wake-up call. They say you don't know what you have until you loose it. Well, I think the world and the USA is waking up. I also think fear is starting to be replaced by optimism and determination. Regarding valuations, maybe we need some kind of valuation police to keep valuations in line. We can ask Bill F to be in charge. Until then, I am not going avoid tech stocks as a group because they seem expensive. At least not right now. I think we all need to be selective, avoid the junk, the stocks that won't make it, the truly overpriced stocks, but I think if one is too cautious here they could miss out on a big rally. I am just guessing of course, and as I have mentioned before, my track record has not been very good in timing the market, so please take this with a big grain of salt. Regarding techs being expensive though, we must consider future earnings (Jubak did an article on this recently and discussed how one can get lead to the wrong conclusions by not considering the leverage effect that tends to apply to tech stocks), and we need to remember that the market works in a way that tends to cause us to want to sell at exactly the wrong time. I am bullish now, but I will be trying to play the volatility more going forward. So, I plan to be selling later, at higher prices I hope. Best wishes to all here on the AMAT thread. John PS So far bought back 1/4 of the QLGC I sold recently. Like I said, probably takes off now that I sold!