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

To: Andrew Brockway who wrote (18372)	4/1/1998 4:27:00 PM
From: jtechkid	Read Replies (2) \| Respond to of 70976

OUCH-SUCKERS RALLY -IN MY FACE- it was a tough day today really can't explain-1 klac sad nothing positive and this is not the bottom-maybe eps does not matter for semi's now-internent stocks. also, what happen today was i heard a massive short squeze-to many guys like me-micron-has 40 million short-you are bound to have days like this. as i have stated-no way i believe amat makes the street -i'm pretty sure about that-but it might not matter-still short--still would not be long right now . still lot of risks. see you tonight thanks,

To: Andrew Brockway who wrote (18372)	4/1/1998 4:31:00 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Andrew, Agree that the market doesn't normally act like this. My point is try to buy at points of maximum pessimism. IMHO, we experienced this last DEC/JAN. Since a # of cos. have already come out w/ warnings(KLAC, QNTM, INTC......) yet they are higher than where they were before the warnings, I take this as a sign that we have already reached our point of maximum pessimism. Many others disagree. But fighting the tape will get you nowhere, as I learned last Oct. We will probably head lower, esp if AMAT warns which I think they will, but if you are in it for the LT then establishing a position in the 33-35 range is about as good as you will get barring any shocks. If you are looking for a quick trade, then no I would certainly not be a buyer here. Regards, Brian