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

To: 16yearcycle who wrote (13260)	12/14/1997 4:55:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Just bought a great book, "TA Explained", by Pring: "To be successfull, the technical approach involves taking a position contrary to the expectations of the crowd. This requires the patience, objectivity, and discipline to acquire a financial asset at a time of depression and gloom and liquidate it in an environment of euphoria and excessive optimism." When rational, intelligent people are saying things like "perhaps AMAT will go bankrupt", this is a strong buy signal. Actually, I won't buy any more until I see another double bottom. Whatever base forms the true bottom, will last at least a couple of months, before heading up. The upturn will be swift, but not as swift as the downturn. I know one of my bad habits is to buy and sell too soon, and I am trying to discipline myself. Buying at 20 in Jan. 1996 was not as much fun as buying at 20 in January 1997.

To: 16yearcycle who wrote (13260)	12/15/1997 1:08:00 AM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Gene, I think this will be the surest bet you ever made if you follow thru with this strategy!! Don't forget that AMAT has already given guidance about Q1 expected results. We are in the 1 month "cusp" of uncertainty. In mid Jan Amat's price should start increasing in anticipation of earnings barring a total collapse of Korea, but I don't see that happening. The currency has likely hit bottom and the IMF and Korea's trading partners won't allow a major default to occur as it would have devestating consequences to the markets and world banking. The worst is probably over in Korea but it will still be rocky for a while,until they get things in order and under total control. I knew deep inside that you were a gambler (just a conservative one! <VBG>) Regards, BB