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

To: Joe Tokarz who wrote (27560)	1/6/1999 2:11:00 PM
From: John Koligman	Respond to of 70976

Hi Joe, I've been in AMAT for awhile now, bought at the 28 level. Boeing has been my only underperformer lately, I'm in at the low 40's and more in the 30's. I do think BA is an excellent 'buy it and put it away' stock. I'm not buying more AMAT in here, but thinking of taking some bucks off the table. Jacob Snyder posted on the oil service group the other day, I tend to agree with him that the group is also attractive these days. Big question is when will things start to turn around for the oil group. I'm not smart enough to answer that, so you buy quality stocks in the group such as HAL and hold them. Eventually they will pop nicely, just as AMAT did... It really can be shocking if you compare some of the DOW Industrials to the internets. Last I looked, AOL's market cap was north of 80 billion. Worth more than Disney. I believe I read somewhere that Caterpillar has a market cap in the teens (B)!! I still believe in what you say about reverting to the mean, but the bubbles on the upside seem to get bigger and last longer. Whether that means they will fall that much farther remains to be seen. Best regards, John