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

To: FR1 who wrote (62288)	3/24/2002 11:44:45 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

FR1, re >Average return is 38% to 68%/year or 188% to 341% for the stretch. I wonder if the gamblers do as well?< My guess is most don't. Now that a pristine balance sheet is a must for serious investors, there will be more demand for stocks with those attributes. That will drive those stocks to overvaluation, leading to complaints by investors. A catch 22. Holding long is still OK, just not with total disregard to fundamentals and especially price action [also known as TA]. "Long" is a shorter period now. Gottfried

To: FR1 who wrote (62288)	3/24/2002 2:36:41 PM
From: Paul V.	Respond to of 70976

Fri, You and Gottfried are correct. If I had held my AMAT when I bought it at $26 in 1996 my current cost base with split would have been approx. $4.80 at these prices. But, I tried to time AMAT and lost out the big movement. Lester E had it right, but most of us tried to exercise our knowledge to beat AMAT's volitility and either got out to early with the big AMAT rallies or got in to late. It appears that Jacob got AMAT at its low this time at $26. Now, all he has to do is ride AMAT up. Bye the way, has anyone heard from Lester E? Lester E. could you give us some more of your wisdom. I really appreciated his wisdon and comments. Just my opinions.