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

To: gambler2 who wrote (12862)	12/10/1997 7:13:00 PM
From: Lester e.	Read Replies (3) \| Respond to of 70976

Hi Gambler, As you know, I am a long term holder of AMAT and expect to be a long term holder for the next 5 years. I don't care what the price is now. I have confidence in the future, During that space of time there are sure to be times when there will be drastic drops in the price of the stock. I will accumulate the stock on thes weaknessses. I won't be selling at any time because of capital gains and an inability to time the market. I believe we are in one of those drastic times now because of the asian crisis which I do not think is over. U.S> export markets now face economic slowdowns. This includes Japan, Korea, Brazil, Russia and China. The dollar has appreciated on foreign exchange marketsand global investors are rushing to buy safe U.S. Securities which raises demand for dollars so our exports abroad face harder times. A high U.S. Dollar makes U.S. products more expensive overseas. Cheap imports will force depressed prices, lower profits and less business investment. We must face the fact that Asia with its excess industrial capacities including computer chips and almost all othe comodities will dump a glut of products on the world markets which will cause American companies to cut prices or lose sales. It is hard to believe our companies will continue to invest in expanding capacity. So I will tighten my belt, continue to invest in AMAT while blood is in the streets. Wait it out, then count my profits 5 years from now. Keep the faith. Lester e.