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

To: michael97123 who wrote (59628)	1/29/2002 3:58:24 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Let's put it this way. Scandals like Enron tend to have a cleansing effect on the system but the investigations will go on for years. It's just the beginning. Every sell-side analyst on Wall Street faces a massive conflict of interests. The ghosts are just beginning to come out of the closet. The emperor has no clothes and quality of earnings is coming under intense scrutiny. I no longer know if AG is going to be able to assuage investor fears tomorrow.

To: michael97123 who wrote (59628)	1/29/2002 4:00:02 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Quote of the day, and market commentary: From the CNBC talking heads (the topic was Enron): "It would be great if you could actually know how much profit companies are making." ----------------- AMAT is one of the handfull of companies whose SEC filings I understand and trust. The Nas is looking like a rounding top, just like it did in the summer of 2001. The current rebound off the October 2001 lows, is looking and feeling like the rebound off the April 2001 lows. The upward momentum seems to be exhausted, and we need lower prices before more cash comes off the sidelines. I'm guessing we get a pullback, but I don't think it'll reach the degree of panic selling we saw in September 2001, and I don't think we go anywhere close to those prices. I re-entered AMAT at 42 today. Sold all my TXN at 30, looking to re-enter at 26. Placed limit orders to $-cost average into QCOM at 35, 30, 25, and so on (that one may set new lows). If stocks like WCOM are still bumping along a bottom, no investor interest in them, then the telco-equips aren't going anywhere either, not soon. I'm thinking CSCO 2004 LEAPs, with CSCO at 15, 13, 11, etc.