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

To: Gottfried who wrote (10246)	11/2/1997 1:34:00 PM
From: AlienTech	Respond to of 70976

>>I also noticed that the majority of well-performing funds featured in IBD don't beat the SP500 in most years. The investment professionals are seeing a reduction of their exalted status as gurus and they don't like it. The internet gets much of the credit for this.<< Yep.. Its a lot harder to fool people since you can talk to people with a wide range of opinions and information. Just imagine, 5 years ago what happened to CYMI would be a total mystery to everyone who bought it at 50. Now you can talk to others, get press releases, news and information from everywhere. Even find out whats under the rock. None of it means you wont get trashed with the rest, but at least you know its a game and nothing fundamental. And in another few years people are going to figure out that these are games and nothing more. Especially if you are going to get a crew cut..

To: Gottfried who wrote (10246)	11/2/1997 1:36:00 PM
From: Steve Byers	Respond to of 70976

prior to August, most actively managed funds were trailing the S&P... and that turned around in Sept and Oct... with the actively managed funds now ahead on a ytd basis... in the ny times today, bus section there is a very short buy list from several top fund managers and amat is the first listed, but with a buy target of 25... I am putting an order in tomorrow... in fact just faxed it to my broker to buy at 32 and also sell nov 32.5 puts at $3, which would give me the stock at 29.5 if its below 32.5 at nov 21...

To: Gottfried who wrote (10246)	11/2/1997 7:59:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, IMO, I believe that one reason that we are hearing so many of the gurus talking against the circuit breakers is that that they reduce, or stop the hysteria/fear that would be incorporated in a tremendeous drop, which would become even greater, and possibly cause more small investors to bail out of the market. Naturally, they would never have thought of that or be upset that they did not get to by even lower. If I recall correctly, did't I hear the Exchange speciallist saying that the small investor were not as scared as brokers were. Guess the brokers and traders were in the middle and the small investors did not panic. IMO, small investors are better networked and analyze the market collectively. The Exchange doesn't like that. Next they will try to do away with the net and our communication. :) Paul V.