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

To: 16yearcycle who wrote (21292)7/9/1998 1:27:00 PM
From: Proud_Infidel  Respond to of 70976
 
**OT**

Gene,

Re:<i.You can pry it from my cold, dead fingers

I hear you there. I sold my substantial position in '96 b/c it was "overvalued." At that time, it's p/e had begun to creep up and went past its hostorical high. Since that time, it has split twice, and is ready for a third. When a company has NM's of 34%, a premium in terms of a high multiple is justified. I learned that lesson the hard way.

Good luck,

BK



To: 16yearcycle who wrote (21292)7/9/1998 1:50:00 PM
From: Paul V.  Respond to of 70976
 
Eugene, >But great companies have a way of quickly getting the fundamentals up to speed with their overinflated stock prices.<

Remember, during this past cycle when AMAT eps was low but Wall Street and the market gave it a pe of 50.

>This is the lesson of Lester with amat which i am trying to partially apply here, too.< Patients, patients, patients. I will buy more if it drops below $26.

My opinions.

Paul V.


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