To: shane forbes who wrote (20128 ) 6/11/1998 11:11:00 AM From: akidron Read Replies (1) | Respond to
This is not a knock, but a general comment... People are funny about investment... it's all or nothing... I disagree... there are few absolutes, just trends and likelyhoods... There are scenarios's whereby AMAT recovers from its october low of 25, without going lower, but they are unlikely, IMO... but just as Rome wasn't built in a day, it didn't crumble in a day either... there will be rally's and days when some of us are right and others are wrong... the trick is to decide what you're comfortable with and see it through... I have been uncomfortable holding AMAT since last summer... it just felt like all the good news was out, we were trading on hope that blue skies would get bluer, I have traded in and out since... pretty successfully... but not infalibley, but six months ago just got weary of JM's blinkered cc's in which AMAT was portrayed as this new beast - insulated from the world..... I decided then that AMAT was no longer a good trading vehicle, because the upside was irrational but there was a lot of commitment to it so it was difficult to time the dips... I will buy again where all the hope has gone... it is starting. Jay dahma's revised industry forcasts are the begining of the revisionism but it has a long way to go.... Jteckid.... I don't have clue about your tower... but I hate co's that exist on subsidy, because they don't learn how to fight... In fact I think that this industry is a pretty mature one in which capital will acuire the brains it needs and that we will get the opp. to make great $$$ on the big guys... so you don't have to look past these.
