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

To: Justa Werkenstiff who wrote (21920)	7/17/1998 11:42:00 AM
From: Gottfried	Respond to of 70976

Justa, right on, especially the last two sentences. GM [eom]

To: Justa Werkenstiff who wrote (21920)	7/17/1998 1:14:00 PM
From: Claude	Read Replies (2) \| Respond to of 70976

I can think of 2 factors at work keeping this price up: 1- those who like me have already been holding for some time waiting for an upturn ( bought all of mine back in December in the 26-28) and have really had no reason to leave - no one has been able to predict how long recovery will take - not even Morgan. Sure your money may have been put to better use elsewhere but that's hindsight and like any good investor its only PART of my portfolio. I have plenty of stocks doing so well in this crazy market I haven't really felt I've missed much. People in this situation (me) are gun shy about selling after holding this long - don't want to miss the upturn. 2- Everybody else wanting IN. Not enough sellers - too many buyers (simple isn't it? <g> ) At the end of every $12 projection came the usual but its a sure $100 stock in 1-2 years. Well If you can get in at these prices and have a triple in 2 years then you're doing all right. confession - after all the doom and gloom on this thread I finally lightened my load by 20% at 30 13/16 when it started to rise this week and watched it keep going to 32 :( But like others here I think we will see better prices - not expecting much better than 26 though - resistance too strong and too much LIQUIDITY. Let's fact it - industry is sh%^ now and has been since last October so why isn't the price already reflecting this. Claude (rhymes with TOAD)