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

To: Proud_Infidel who wrote (22371)	8/1/1998 12:59:00 PM
From: Teri Skogerboe	Respond to of 70976

Brian, Re: "When money starts to flood the market once again and SEA still looming over us, where do you think fund managers are going to look? For stocks hitting new 52 week highs on a daily basis, or those which have already bore the brunt of the SEA debacle?" I would think that fund "managers" will look to put money in the stocks they feel will go up at some point in the next quarter or two. Perhaps, Dole fruit, bananas and pineapples. I don't have a crystal ball and never claimed to. Each fund manager's outlook for the nearish term future will likely determine which stocks they buy... Duh. Re: "for stocks hitting new 52 week high on a daily basis?" Maybe so. Somebody's buying them or they wouldn't be hitting new daily highs, n'est-ce pas? "Momentum investing" has been working in recent months, so I hear, anyway. Re: "When money starts to flood the market once again." I haven't noticed much let up in the in-flow of funds lately. Perhaps a more relevant question is: what happens when funds start to flow out in earnest.

To: Proud_Infidel who wrote (22371)	8/1/1998 3:20:00 PM
From: Teri Skogerboe	Respond to of 70976

BK, <<off-topic>> I can't answer what's not there. When I read your message, that part wasn't there (apparently edited in later). Geeez, I'm getting back to semis now...

To: Proud_Infidel who wrote (22371)	8/2/1998 1:15:00 PM
From: 16yearcycle	Respond to of 70976

Brian, I am 40+ posts behind, but may I say that it appears that Teri is receiving some shots that seem inappropriate: 1. She was bullish through 1997, until late summer when Amat was around 100.Sothose of us who have been here for awhile know she isn't permanently bearish. 2. She became more bearish in late Dec 1997, feeling that industry fundamentals were deteriorating. They did deteriorate, didn't they? 3. She currently feels no need to rush in to buy, given the poor visible outlook. She also, I believe, isn't swayed by Morgan's comments. She has been right for about 2 years on amat, and it sounds as if she will probably buy on the next drop. When she buys, she will hold for a long time. We all have our own approaches, but her's seems quite sensible to me. My own answer to your question is that the fund managers will change their minds daily, and are likely to buy whatever is going up already. Yeah, real investing at its best: buy what is going up because it will keep going up. I doubt that the equips we will be the first to move off of any short term bottom. I sense the fund managers areloking for a bounce here and will soon sell equips.