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

To: jtechkid who wrote (18223)	3/26/1998 8:00:00 PM
From: akidron	Read Replies (2) \| Respond to of 70976

back in the usa... bulls bears and agnostics... lend me an ear or two... congratulations to the bulls... I've been gone to blighty for a few days... came back and something's changed, and others didn't... amat gained 10%, and jtechkid's still getting the sh** kicked out of him because he is brave enough to disagree... enthusiastically but never as far as i can tell, by insulting other thread persons.... Apparently today's Intel announcement has been taken as good news by the thread and the market... I think it should more properly be taken with a pinch of salt... and here's why... there was nothing positive about the intc news this morning... for intc or AMAT... Andy Pandy's moving on... and a huge fab is being pushed out till 2002 (and on a non-intc point 20B at least has been taken out of dram Capex WW...) normally the stock would have tanked especially because intc is already at the short end of a gamble (the sub $1000 pc)... so to make it all feel better they announce a huge buy back... (100M shares = 7.8 billion george washingtons) one that will cost them a substantial portion of the cash they currently have on hand (correct me if I'm wrong but I thought they had $8B.... and because this is a greedy market, all that it can see is the silver lining.... but what is really happening imo, is that andy's moving because he judged the market wrong and intc is really suffering, and new ideas are needed fast, (*no i am not saying that intc is in trouble, just that it made an expensive mistake) and that the cash intc spends on its own stock will - impact capex in the short term... if you add that to the fact that interest rates are rising, and inflation is starting to rear its ugly head in the housing and labor markets, u gets what called a scenario.... which i guess is why ABX moved so far today...

To: jtechkid who wrote (18223)	3/26/1998 11:01:00 PM
From: uu	Read Replies (2) \| Respond to of 70976

jtechkid: From your comments on this and a few other SI threads, I for one can only conclude that you are somewhat bitter for missing the recent rallies in stocks. It is totally understood as I am sure we all have experienced the same feeling. And almost in all cases and with all of us who have gone through what you are going through at this time it is a bitter feeling toward the market and one always tries to come up with some justification to rationalize his/her decision to just sit on the side line or go against the trend while the rally is taking place. You see when it comes to investment one thing I have learned after so many years of being in the market is that most people view their investment decisions as tightly close to their ego! No one wants to admit the investment decision they have made is wrong because their ego forces them to think that by admiting to their wrong investment thinking others might think of them as stupid! Thus it is most often the ego that drives their investment thinking and not logic! And in your case and what you are going through it is obvious that you are suffering from what is known as trying to rationalize your investment decisions to satisfy your ego. And there is of course absolutely nothing wrong with that! This happens to both amatures as well as professional investors. Good Luck with your struggle to satisfy your ego. Regards, Addi Jamshidi

To: jtechkid who wrote (18223)	3/27/1998 11:02:00 PM
From: BigShoulders	Respond to of 70976

Kid I need advice on hedging the market to protect long term gains. I don't want to sell and pay cap gains tax. difficult to move money around in retirement accounts too. What's an inexpensive way to accomplish this? S&P index options? Other? Looking for market protection, not interested in shorting specific stocks or groups. The storm clouds are gathering. they may yet break up and pass us by, but I don't want to bet my gains on it. Looking for some storm insurance! Big Shoulders