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

To: 16yearcycle who wrote (13681)	12/19/1997 5:13:00 PM
From: derek cao	Respond to of 70976

Eugene, thanks for sharing your plan. I will do the same. honest. good investing derek

To: 16yearcycle who wrote (13681)	12/19/1997 5:16:00 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Does this apply to AMAT yet? I posted it on the BSX thread. Answer: not yet. To: Immi (208 ) From: Jacob Snyder Tuesday, Dec 2 1997 3:55PM EST Reply # of 227 Immi: thanks. It's a very good sign that yesterday's downgrade has produced essentially no reaction in the market. It confirms my opinion that everyone who wants to sell has done so, and there is very little downside risk. The first piece of bad news produces a sharp selloff on high volume. Each additional bit of negative news produces another sell-off, but the selloffs gradually decrease in volume. When you do this to rats with an electric shock, and eventually they don't respond, it's called habituation. I guess the same process works with investors and downgrades. When the market is fully habituated, it's time to buy.