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

To: Paul V. who wrote (60292)	2/11/2002 10:56:25 PM
From: Jacob Snyder	Respond to of 70976

re: remember the numbers: After reading this season's 10-Qs, and conference calls, from a variety of techs, the numbers don't seem to be influencing where stocks go. The random swings of sentiment, the "feel" of the BigMacroPicture, our gestalt of whether we can trust any numbers from anywhere, this is what is making stocks go down, off their January top, in spite of the fact that so many companies are saying and showing that sales, margins, and profits are past their troughs. Stocks seem to be moving mostly based on macro events, a bit based on sector events, and totally ignoring any company-specific facts. I'll just keep doing what I've been doing since December 2000, since it keeps working: Buy the dip, sell the rally, repeat, repeat, repeat.