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

To: Ian@SI who wrote (18466)	4/2/1998 10:18:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 70976

Ian,>Personally, I've never known lower prices while quality and functionality improves to cause demand to fall. The only way my mid to long term outlook could be bearish is if I were already short. In case those on this thread haven't yet guessed, I'm certainly not short anything (except some Puts I sold for a very nice premium.).< What is the old expression, "The Market climbs a mountain of worry." Are we seeing this worry reflected on this site. IMO, the supply or demand concepts of Economics 101 is the only thing which will indicate the direction the market will go. That is why I am become more and more a believer of Dorsey Wright's Point and Figure Charting TA. In perspective, IMO, I still believe the upside of AMAT far exceeds its downside. Let us not lose sight that many of us on this site believe we will hit 100 in 1999. IMO, that is approximately a 155% gain in two years from this point--not to bad a gain! Just my $.02. Paul V.