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

To: advocatedevil who wrote (56204)	11/23/2001 3:07:06 PM
From: orkrious	Respond to of 70976

Oops, thanks. I didn't look far enough.

To: advocatedevil who wrote (56204)	11/23/2001 4:47:56 PM
From: FR1	Respond to of 70976

...revenue gains for semiconductor companies are at least a year away... Amazing! This guy ought to get a Nobel Prize. The CEO of almost every semi company can't see a month out and this guy can see a year into the future. Even more amazing when you consider the fact that revenue gains will be based on extremely weak comparisons of a year ago. AMCC had to compare this quarter's earnings to a 9 cent gain last year. Next quarter they will compare to a 95 cent loss last year. The same with many other semis.

To: advocatedevil who wrote (56204)	11/23/2001 5:35:34 PM
From: Sam Citron	Respond to of 70976

AD, Just wanted to add that in my view, a trade carries much more weight than a mere opinion, because it embodies enough conviction to bear the risk of being proved wrong. That is why I value your ST Trading posts much more highly than a news summary or superficial analysis. When someone is willing to risk $50,000 or $100,000 of their own money that AMAT is moving in a particular way and is benevolent enough to share this information with me, I pay attention. Of course there are anonymous individuals and institutions on the opposite side, some fish that are bigger and some smaller; some clever, some not so clever. Each has his reasons and rationale. In the rough and tumble of the marketplace it is only trades that count. These are the dollar votes that move markets. This is the difference between speculation and mere idle speculation. Economists frequently say that it does not matter what a man says: watch instead what he does. This is known as revealed preference. In a similar vein, one could argue that price charts tell the entire story as far as demand and supply goes, as oppposed to any form of fundamental analysis which can never capture a complete picture. There are few enterprises in life where a man can make a decision and know at any particular moment with great precision exactly how right or wrong he was. This is one of them. Again many thanks and congratulations, Sam