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

To: michael97123 who wrote (63408)	5/3/2002 10:10:04 AM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 70976

michael97123, FWIW my upside target for the NAS relief rally is 1715 to 1725 which is the Feb and April double bottom. This is now resistance from a technical viewpoint. Al

To: michael97123 who wrote (63408)	5/3/2002 1:29:22 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

<<Which stocks would you buy if any in such a bump up?Z>> I buy the dips (and only the big ones), not the "bump ups". This counts as a big dip. With the Nas almost at 1600, we are at the bottom end of where I thought this intermediate-term low would go. I haven't changed my opinion, or my stance. I think this dip ends soon, and, sometime in 2002, we go on to set a new intermediate-term high, above the 1/02 high (above 2100, that is). I don't think we retest the 9/01 lows (barring another WTC). Shorter-term than that, I have no opinion (actually, I have lots of opinions, but no confidence in them). I used up the last of my cash this week, and started using margin. Now on about 7% margin. I have cancelled all buys except for AMAT. I actually expected to be on more margin at Nas 1600, but I held off, expecting to start buying AMAT, and it has held up very well (relatively speaking), so I haven't got any yet. AMAT is at 22 as the Nas approaches 1600. I'm trying to decide whether to start buying at 22 or 21.