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

To: Big Bucks who wrote (10831)	11/12/1997 4:22:00 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 70976

I loaded some more. I am going to cost dollar average. I am not sure whether we reached teh bottom or not. But I am sure that we may never know the exact bottomI am wondering whether there is any leak on Nov. 20 earnings so that MMs have started selling in advance. In most situations prior week action indicates some forthcoming message. I hope I am wrong now. My reasoning is that if it pops before and around Nov 20th earnings, I will write covered calls and hope to get a buck or two back. All the best. There are so many companies at the lower end. I will put TXN, KLIC, KLAC etc in this league. I am not sure aboout INTC as there are getting more and more margin pressure from different quarters. On top of it, under $1000 pc is a reality and hence everybody will try to reduce their margin. -Karun .

To: Big Bucks who wrote (10831)	11/12/1997 4:26:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

BB and all, guess what, the market went down because it didn't go up...from Yahoo: NEW YORK (Reuters) - The Dow Jones industrial average lost more than 100 points in late afternoon trading Wednesday on disappointment the market did not rally on news that the Federal Reserve decided to keep interest rates unchanged. That explanation sets a new standard! GM

To: Big Bucks who wrote (10831)	11/12/1997 4:26:00 PM
From: ILCUL8R	Read Replies (3) \| Respond to of 70976

BB, I agree with you about waiting for a lower price. It is too bad that I got caught in the "sucker rally" early last week. Positive comments from the AEA meetings and cheerleading here influenced me to buy what I consider a really good company. However, later, taking into consideration all the learnings from the Idea thread and others, and taking a broader viewpoint than just one stock, it has occurred to me that we are still in for a shake out in a lot of stocks. Time and again, when I check the chart on a stock, I am impressed with the reality that the "market" is pushing many of them back to where they were last Spring. I guess this is what we call a "correction?" It seems that the momentum players and overly exuberant cheerleaders must take their lumps for the time being. The world is slowing down, growth rates are decelerating. If PC sales slow from 20% per annum to only 15%, that's a 25% slowdown. Check out the report of Goldman's conference. Punch in AMAT quote on Yahoo and get the article. It speaks to a new type of market, that the tech market of 1995 and 1996 is no longer viable. So, what will AMAT look like if it has 25% lower earnings and is pushed down to a P/E of only 15? I hope I'm too conservative, but I'll be watching for some good analysis of this type of scenario. Thanks to all you threaders. You have some good stuff here.......

To: Big Bucks who wrote (10831)	11/12/1997 4:46:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

BB, No, I didn't buy either. We broke through support at 29.25, though on a bit lower volume than last time (10/28). I'd like to think we are putting in a bottom in here, but with the entire market so nervous and poised to retest circuit breaker lows, I am more inclined to wait and see. Only certainty is that on Friday 11/21 she will either be up 5 points or down 5 points. <g> Thinking of buying both puts and calls but they are so darn expensive. Big question is do we just sit on our thumbs until then? SC