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

To: Cary Salsberg who wrote (64996)	7/23/2002 11:04:40 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

Cary, Market took it as such. Altr and TI viewed positive and NVLS negative. The reason i asked the question is to determine whether amat would disappoint analysts too or would do compaitively better than nvls. mike

To: Cary Salsberg who wrote (64996)	7/23/2002 4:09:15 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

"Disappointment": AMAT's competitor gives (weaker than expected) guidance, and AMAT gets slaughtered. TXN and ALTR come out with great reports, and the stocks go nowhere. Conclusion: we are in an episode of panic selling, when good news gets ignored, and bad news gets an exaggerated response. Stock fund outflows, VIX spike, high volume, general sentiment as expressed on CNBC and on SI, surging short-selling (amateurs joining the pros), all say the same thing: panic selling. This is the time when it is hardest to buy, and hardest to hold. My gut says SELL, SELL, SELL!!! My brain says: buy as much as you can, then hold on. I'm considering selling a bit of stock, and using the funds to buy 2005 LEAP calls in TXN or AMAT or ALTR. I started saying this with the Nas in the 1600s. Early, obviously. Still think I'll be right, eventually.