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To: ild who wrote (53452)	1/7/2002 5:59:17 PM
From: Ohkami	Respond to of 53903

Hi ild, no cycle is ever like the last, yet they are still all the same. As we fall into the pit it seems bottomless. As we climb to the peak the sky is the limit. It's quite impossible to time the cycle 100% correctly. Fortunately, it's also not necessary for making a decent return. Buying when blood is on the street and not being too greedy when everybody thinks there will never be another downturn will do the job. Anyway, timing is simply more important for investment success than worrying about whether DRAM business fundamentally sucks or rocks... of course, it sucks as a business :-)