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

To: Ramsey Su who wrote (27208)	12/16/1998 11:33:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Ramsey:<<SG Cowen semiconductor analyst Drew Peck attributed strength in semiconductor issues to a round of buying from short-term, "less sophisticated" investors who want to take advantage of cheaper prices from Monday's market decline.> Ramsey, nice to know I am a "more sophisticated" investor by accident since I didn't buy on Monday. Life is good....Jeff

To: Ramsey Su who wrote (27208)	12/16/1998 12:00:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Ramsey, I didn't buy on Monday either. But even when there is a pullback in Q1'99, it may not go farther down than Monday's price. Sometimes sophistication can hurt. Just look at all the knowledgeable investors who were looking for sub-20 prices a few months ago. I was not amongst them: I waited for the pullback WITHOUT being knowledgeable. :) I think the price/orders charts - posted earlier - deserve more thought, as they signal price direction with a delay. If only we could get MONTHLY orders instead of 3-month moving averages. They are available - just not to us. To see details of the program... dom.semi.org There must be hundreds of people who get the monthly data - broken down by specialty. What an investment advantage. By comparison my investing in semi equips is like driving a Corvette with a governor installed. Gottfried