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

To: orkrious who wrote (60486)	2/13/2002 7:55:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

You may be right. You may be wrong. Everyone remembers how AMAT was a 10-bagger in the last upcycle, and nobody wants to be left behind when the train leaves the station next time. With so much BuyTheDip money out there, the dip doesn't happen. At least, not to the usual trough valuation levels. At least, not so far. Do you know how much cash is sitting on the sidelines, waiting till it's "safe" to be back in stocks, back in Growth, back in AMAT? Trillions. I can't argue with your statement, "valuations are ludicrous". In fact, I said the same thing, today, while posting the series of prices at which I'll sell my long position in AMAT (50,55,60,65). But you're simply filtering out data that doesn't support your position, if you think "the news in semi land is awful", or "the economy sucks". I've listened to several conference calls of semis and other techs, this last earnings season. They are all saying: "we've seen the trough, for sales, margins, and profits." Caveat: they didn't say how steep the slope of the upturn would be. Got a stop-loss, in case you're wrong? In case ludicrous prices get more ludicrous?

To: orkrious who wrote (60486)	2/13/2002 9:29:55 PM
From: michael97123	Respond to of 70976

O, The economy sucks no more. My immediate family bought/leased three cars this past weekend. And i will be doing the same over the next two weeks. Economy is turning and there is no telling yet now how strong it might become. I havent a clue. But i think falling oil prices again and 1% interest rates will fuel this improbable recovery. Enronitis took the market out of its former trading range(1850-2100 on naz). As this fear dies down nasdaq should catch the dow. Last time dow 10,000 nasdaq was 2000. Now it is is 150 points short of that 5-1 relationship that seems to serve as an equilibrium point. And yes given all of this valuations remain high particulary in the semi equips because the market wants to be in those stocks when recovery confirmed and this is the way of the market saying we think it just might be confirmed. Mike