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

To: michael97123 who wrote (61100)	2/28/2002 11:57:45 AM
From: Kirk ©	Respond to of 70976

Some stocks like Agilent have already broken out and are above 200 day MAs (bullish). stockcharts.com[h,a]daclyyay[df][pb200,50!c200,50!f][vc60][iut!Uo14!La12,26,9]&pref=G The question is will it continue? I've been bottom fishing and bough WCOM, Agilent and CACs (all with a telecom component) as they fell and I tried to load up near a bottom... WCOM recently looks to have bottomed so I loaded up at $6.90. CACS I got into big on Dec 31 at $3.00... WCOM has left me with bloody fingers but I've made good money already sellign the Agilent I bought at $23 for a nice gain and now am looking at the $30 shares bought on the way down to do better. All have very, very good price/sales , price/book and PEG ratios (using my own way to calculate PEG). quicken.com ONLY WCOM has debt and I think it is managable. Of course, do your own DD... but I'd rather own the much more beaten down companies than stocks that are still too expensive like Cisco or VZ with too much debt.

To: michael97123 who wrote (61100)	2/28/2002 8:46:57 PM
From: John Trader	Read Replies (2) \| Respond to of 70976

Mike, Looking at the chart, it looks more like the Nasdaq is headed down. I don't know whether the Nasdaq will be at 1,000 or 2,500 in 6 months, but I think that range will contain it. I am betting on upside for the Nasdaq right now. I was just at a Best Buy and there seemed to be a lot of people in there. Maybe since most can't buy bandwidth, they are spending more on gadgets, and that is part of what made BBY take off in the last year. The gadgets are getting better all the time. I agree, not the time to sell tech. On the next rally I will sell though. I think the Nasdaq could trade in the range of about 1600 to 2100 for quite a while, and I think the Dow will have trouble staying permanently above 10,000 during this time. I think the last-mile bottleneck is going to be taken down in the next 2-3 years, and I expect telecom chip/equipment stocks - the survivors, to move quite a bit in advance of that. I don't know where the bottom is, but I plan to be onboard for that rise. Gadgets are great, but bandwidth is what is needed most, IMHO. Having said all that, I plan to change my approach as needed, and I will checking here to see what you and other AMAT threaders think. One last thing, the lastest Red Herring on the newstands (MSFT CEO shown in a dress) has a few interesting articles on the bandwidth issue. Gottfried recently mentioned this issue of Red Herring as well. Interesting reading. John@longwait.com