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

To: Gottfried who wrote (64785)	7/10/2002 5:36:32 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

We'll maybe not rich, but I wouldn't have to eat Alpo any more. Gracious, is that what becomes of retired engineers? Glad H.S. chemistry could be taken in lieu of physics <gg> I think part of the 'problem' with AMAT's stock price is a general perception that the Naz and the Sox are breaching Sept. 11th lows yet AMAT still is above. It's been like a magnet pulling it toward the rest of these stocks. Of course this is not real sensible given what your charts are showing but we may actually see AMAT at say 14-15 to please the crowd as it were. The fear factor that giants like INTC and others will sig. cut Capex for some period until end user demand and profits (which help add to cash hoard) increase is keeping buyers at bay. It's such a fine balancing act... if you wait for that proof AMAT's price has already jumped. BUT when was the last time INTC was in this kind of a freefall (e.g. 50% drop in short order) as it is now? Not since the 'big' correction from the bubble. WE know tech buying will return if for no other reason than people want to enjoy themselves while on this Earth and inovation/gagets make that happen. ANd they will apparently pay prices that give the likes of INTC 50%+ margins ;-) I'm considering a largish option play at just the point that investors have fully given up. If it's a LEAP, to offset a lot the crumbling time value, I want to find rock bottom not just a safe entry as arguably these times offer. We need to think a lot about what might happen and how to profit best. The charts are an excellent tool in this regard. As the saying goes: May you live in interesting times. We do indeed. Now how do we upgrade you to real meat? RO