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

To: Jacob Snyder who wrote (22270)	7/30/1998 4:20:00 AM
From: nitin one	Respond to of 70976

u have nailed it on the head jacob...cash will be king in such a market good luck investing.. nitin one

To: Jacob Snyder who wrote (22270)	7/30/1998 9:27:00 AM
From: Teri Skogerboe	Respond to of 70976

JS, LOL... You shoulda been a writer. And I agree, you've nailed it. Planning some new shorts. TS

To: Jacob Snyder who wrote (22270)	7/30/1998 9:53:00 AM
From: Fortinwit	Respond to of 70976

The first ones out the door will be given parachutes. My investment partner and I went to about 95% cash last week (we're keeping our shorts, including AMAT on the table though, and one heavily hedged long). We felt like the poker player who came to the table 5 nights in a row and hadn't seen too many losing hands. Finally, after the 6th night started out very well, we decided to get some rest. Don't know if the market will tank or not. Don't care. Time to enjoy the summer. Your 16 step program is compelling! F.

To: Jacob Snyder who wrote (22270)	7/30/1998 10:20:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Jacob. >>The first ones out the door will be given parachutes.<< So what do I do with my life vest? That's what Big Bucks told me to wear. <g> GM

To: Jacob Snyder who wrote (22270)	7/30/1998 1:13:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Only a fool would disagree with you and say we will charge forward from here but there are two flaws in your comments: 1. The fed may be threatening to raise rates, but they are flooding the system with money. What Greenspan does will always matter more than what he says. Do you really believe he will take a chance on throwing the US into a recession with a rate hike? Like I said a month ago, not until Asia stabilizes. So we will trade one problem for another. 2. This crap about Buffett kills me. He bought ~800 million dollars of silver, but paid 25 billion for whole company purchases in the past 10 months. 25 billion is more than 800 million. Are speculators made of such superficial stuff that they get all excited by this silver deal, and ignore a 20 billion dollar merger? I am all over gen re like ugly on a gorilla. Buffett laid out his purpose in doing this clearly for every moron in the world: he will convert gen re's conservative bond portfolio into equities. Finally, as was in the WSJ this am, the average nas stock has dropped as far from its highs as anytime since 1990. The correction is happening, it is a bit late to abandon ship now.

To: Jacob Snyder who wrote (22270)	7/31/1998 2:04:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

<<<WARNING: This is your captain speaking. The final cockpit warning light is now flashing red. We are entering a period of turbulence. Your high-fliers will abruptly stall, with the nose pitching down. All passengers are advised to move rapidly to the exits. The first ones out the door will be given parachutes. The rest of you will be given a kick on the butt and told, "you were warned".>>> Jacob,you might want to consider "bailing out" of your present strategy. Better still, there is another plane leaving soon piloted by Capt. Morgan that will get you where you want to go faster and safer than that tired old clunker you're on now. So come on, hurry, there are few seats left and it is set to take off. Jeff