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

To: Lee Penick who wrote (18713)	4/10/1998 11:27:00 AM
From: Teri Skogerboe	Read Replies (1) \| Respond to of 70976

A new number for FY99... AMAT: ABN-AMRO decreased estimate for fiscal year ending 10/99 from $2.40 to $2.00 on 04/03/98

To: Lee Penick who wrote (18713)	4/12/1998 6:18:00 PM
From: Jacob Snyder	Respond to of 70976

Hi Lee: mostly OT: Yes, I did time the BSX and CSCO purchases just about perfectly. For a step-by-step review of two stocks I timed exactly wrong, see my posts on the AMGN and SEG threads. I know nothing about ORBI. Actually, there are only a couple of groups (drug/medical equipment, and semi/semi. equip/networking/internet) that I've studied enough to have an opinion on and invest in. I am very ignorant on other industries. And those two groups are broad enough, that my available time for stock-studying is fully used up trying to keep up with them. Right now, there is not a single stock I am willing to buy. I sold all my AMAT (my largest position) at 37.5, and am holding 40% cash. I'm hoping to get INTC below 70 soon, and I'll be willing to start buying AMAT below 33, while holding enough in reserve to buy more if it sinks below 27. This is a scary time to be putting new money into the market. I am getting more cautious each month, as the market ignores bad news, and keeps pushing PEs up.