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

To: Proud_Infidel who wrote (9883)	5/20/2004 1:19:12 PM
From: Big Bucks	Read Replies (1) \| Respond to of 25522

Brian don't try to apply logic to the market. YOU CAN'T FIGHT THE MARKET, you will lose. There are so many hedge funds betting against stocks now that it is nearly impossible to hold stock for any protracted period and expect long term gains....those days are over. Everyone is playing the momentum and trend game. Don't fight the trend. You may as well try to swim against a rip tide, it will take you along with it, no matter how hard you try to fight it. The trick is swimming with it and picking your exit point. BB

To: Proud_Infidel who wrote (9883)	5/20/2004 1:30:55 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

Brian, One of the advantages of being a long term investor is that you can concern yourself with long term issues and ignore day to day behavior. We have just been through an extended period which very legitimately questions whether there is any collective wisdom in the market. If stock prices are fundamentally valued by discounting future cash flow and market wisdom can see only one quarter into the future, you will need to wait until the future becomes obvious.