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

To: Teri Skogerboe who wrote (21467)	7/10/1998 6:56:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Teri, Seems like visibility just got real good, the fog has finally lifted, only there is no land in site. "Water, Water everywhere but nary a drop to drink". Seems like AMAT and the other semi-mfgs are becalmed and adrift and taking on water. The only recourse now is to bail like hell and wait for the next breeze to allow some maneuverability, some have already resorted to throwing crew members overboard to lighten the load. Seems like AMAT will be next. "Give me a tall ship and a star to steer her by" Even though the fog has lifted it is still cloudy and there are no stars to navigate with and no wind to fill the sales <g> (sails). This calm may last a long while. BB

To: Teri Skogerboe who wrote (21467)	7/10/1998 7:03:00 PM
From: Dushyant Narayen	Read Replies (2) \| Respond to of 70976

Teri - Congratulations on a good call - I've seen you be correct for quite a while now, on the way up and then on the way down. Especially of late it seems like you've been correctly in the minority camp, calling for further retrenchment. What is your entry plan now (if any) ? Regards, Dushyant

To: Teri Skogerboe who wrote (21467)	7/10/1998 7:58:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 70976

Teri, Aki, BB, Jacob, Andrew, Katherine, Ramsey... whatdoyaknow, we're doing okay so far in the semi-wars. I'm not happy that some people's stock(s) may go down, but sometimes it really does get irritating listening to the rabid bulls rant and rave. As much as I think AMAT's press release was word for word what we have been saying for weeks, who knows what type of surprises we face Monday with this crazy market. I don't think you need to feel sorry for the people who are currently long on AMAT. Aren't you planning on going long one day and aren't you confident that AMAT will one day be trading much higher than whatever this dip may end up? Guessing the bottom is kind of tough. With today's news, I don't think there will be any more "surprises" in this sector. What ever the reaction takes us will be the temporary bottom. Then it is going to be up to Asia, Russia and the entire market to lead the sector further down or to recovery. I am still bearish on the market so the my guess is below 20, may be not 12, is still highly likely. Ramsey