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

To: Jacob Snyder who wrote (27012)	12/8/1998 11:15:00 AM
From: Jeffrey D	Respond to of 70976

Jacob:<<Brian: you're rude, and out of line:>> Brian doesn't need me to defend him but I will anyway. He was responding to longstanding personal criticism of him on this thread. Personal criticism that includes postings from you. He was also commenting on a repost of a Wildstar post that any reasonable person could see was made for the sole purpose of crowing about AMAT reaching a 52 week low. There was absolutely no value in it and was submitted simply to hurt those that were long on the stock. Now, after the Wildstar "mea culpa" you think Brian was rude. What arrogance! But, then, all posts from you, Skeeter, Wildstar and others of that ilk seem to exude a certain misplaced arrogance that cannot be supported in real life. I refer you to a post from the INTC thread from Mary Cluney to you that, I think, provides wisdom for all of us as we try, in our own way, to add to our personal wealth. Jeff << To: Jacob Snyder (69159 ) From: Mary Cluney Wednesday, Nov 25 1998 4:08PM ET Reply # of 69614 Jacob, >>>The fact that the market is willing to price many stocks (especially big-cap growth stocks) far above their intrinsic value, doesn't mean I should hold them. <<< At least you are making excellent returns. There are a number of posters, on some of the other threads, who are laughing and patting each other on their backs, at the stupidity of the herd for their willingness to pay for stocks far above what they know to be "fair intrinsic value". Some are still laughing, even though they are losing money shorting these stocks. The more money they lose the harder they seem to laugh because they feel they are soooo much smarter than the herd - they 'know' what things are worth. The point is, a lot of these people pretend to wisdom or knowledge of eternal truths and that when they try to apply it in real life and when it fails - does not bother them at all. It is not because things are much more complex than they think it is - and that no one one really fully understand it all - but that someone else has failed them. But they continue to laugh at the stupidity of "herd" - it doesn't matter whether they are right are wrong. They are so much smarter than everyone else. Mary >>