To: Big Bucks who wrote (20316 ) 6/13/1998 11:36:00 AM From: Teri Skogerboe Read Replies (1) | Respond to
From this chart it almost looks like a "buy on close order at market" accounted for the "strength" at the end of the day... and the larger blocks of the day were at the lower prices. IMO, we haven't seen one drop of blood in AMAT's shares yet and if history is any guide, we will. If a person believes in the "madness of crowds" theory (that they overreact on both the upside and downside) we are a long ways from that point. This thread has been right (ex. a few 'true believers') for at the least the last 6 months, and we tend to question our logic when the market goes the other way (like Friday).too much capacity , even more than in '96, a recession in Japan, no real need to upgrade current pc's (yet), a DRAM glut, a commoditization of the microprocessor (I care not if my PC has Intel inside or AMD inside), Intel sees no need to add Flash memory capacity until 2002, and Taiwan is scratching their head and wondering why in the world they got so exuberant. Things are looking bleak, but we haven't seen panic yet. What are the odds we won't see panic this cycle? Human beings are so darn predictable that I feel the odds (of no panic) are extremely small. We have not seen exasperation on these threads, like we have recently on the drilling threads. bigcharts.com bigcharts.com
