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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (811)	3/14/2002 8:27:51 AM
From: Proud_Infidel	Read Replies (3) \| Respond to of 25522

I only post this because I believe Cramer is a compete and utter fool and want to expose him for what he is. He is claiming that AMAT may disappear, much the same that a company named GCA did in 1984- incredible! The fact that he even gets TV time is criminal IMHO after the internet recommendations he gave at the height of the mania in early 2000. Bet against this guy and you will be profitable IMO. Brian Oh, and in case anyone didn't know, Tom Kurlak is a giant....ROTFLMAO ************************************* Something Smells Bearish? Blame the SOX's Villains By James J. Cramer 03/13/2002 14:36 -------------------------------------------------------------------------------- The Philadelphia Stock Exchange Semiconductor Index can't lead us higher, but it sure can take us lower. That's the way you have to look at this move in the chip equipment makers, a group of highfliers that mutual fund managers have elevated into the new blue-chips to replace the likes of EMC EMC , Sun Micro SUNW and JDS Uniphase JDSU . Today's villain is surely this ultimate high-performance cohort that is Applied Materials AMAT , Novellus NVLS and KLA-Tencor KLAC , the stocks that are so loved as to be almost worshiped by those "in the know." I use the SOX as shorthand for these stocks because, weirdly, even though they are manufacturers of equipment instead of semiconductors, they are regarded as the true drivers of the group. Each morning when I make my round of bothersome calls and instant messages to see what is going on, I try to imagine what the calls will do the market. Yesterday, on CNBC's "Squawk Box," it was clear to me that the stuff that knocked the market down -- WorldCom WCOM , Qwest Q , Lucent LU -- didn't have the horses to derail the whole market. But when I heard about the Morgan Stanley downgrade, I knew it was a day that would match New York's weather -- lousy. It wasn't always like this. The growth gurus weren't always infatuated with this semi equipment group. Three times in my career I have seen this group tear up, only to tear down any manager in its path when things got bad. Those older folks, including gents like Tom Kurlak , will remember the gaffing that portfolio managers suffered in 1984 when GCA, the Applied Materials of the day -- wafer stepper maker -- blew up and disappeared all within one option cycle. I thought the infatuation had been cured by such blow-ups. That was wrong. Chalk this day's bearish tone up to that now-hallowed group. And hope -- even though I don't like hope in the equation -- that one day we will not all be hostage to the whims of the analysts who follow this overrated, overhyped, overvalued sector.