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

To: Berk who wrote (61755)	3/8/2002 1:04:59 PM
From: Jacob Snyder	Respond to of 70976

I have a lot of sell price targets that are hitting or almost hitting, for a number of stocks, and I want to step to the sidelines, but slowly, to take advantage of this rally. I'm incrementally raising some of my sell targets a bit. On this last dip, I went from 35% cash, to using a bit of margin. Now I'm raising cash. Tentatively, I plan on being back to 30-40% cash at around Nas 2300 (testing May 2000 high). Currently, selling: AMAT at 50 (already happened), 55, 60, etc. CMH at 17.5 CSCO at 20 and every $1 up from there EMC at 15 (may have to lower that, EMC is looking very weak) QCOM at 50 Buy low. Sell high. Repeat. Repeat. Repeat.

To: Berk who wrote (61755)	3/8/2002 8:57:54 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

OT You are not the only one who could be wrong. I would have said nothing if you qualified your downside estimate with a "barring no further negative news" statement. I have seen many companies treated like they were MSFT or AMAT and the results have been a disaster. EMC doesn't have special technological advantages or significant barriers to entry. They are primarily a marketing success and their track record was recorded during a networking bubble. They are in the process of changing their business model and they have done poorly lately. I don't know if EMC will succeed or fail, but I can't let an unqualified downside limit sneak by. Since you competed with them, why did they succeed, what went wrong, lately, and why will they pull it together? I have no position and it is extremely unlikely that I ever will.