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

To: Math Junkie who wrote (27618)	1/7/1999 7:15:00 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 70976

i've been following dram closely for 3 years. my view of the cap equips is based on my view of dram. the dram boys aren't making money and won't make significant money for a long time. i think you guys are making a poor decision believing that the stock price of amat predicts the future business conditions. happens all the time and i'm not sure why as reality is often much different. however, the buying frenzy (big mo) is on your side for now. some serious reality will be needed to puncture this run. funny thing is, money just keeps coming in no matter what. bad news... who cares. buy, buy, buy. no growth, who cares? price to cash flow 4 times historical highs (mu) and they are losing money, who cares? i do know this is a mania and so buying can be forceful like this. seen it before and will probably see it again. that is why i use a money management system. i have lots of cash left to chase the market up. it appears to be purely driven by supply and demand for shares (not business prospects). we may need a bout of serious layoffs, unemployment and higher rates before people stop wan tonly tossing money in the markets direction. jmho. you are free to disagree. good luck. amat the stock has performed nicely. be careful around earnings as it appears expectations are very high and if amat the company doesn't produce... heck, amat will probably go up ;-) this reminds me of last year when mu stock screamed higher as dram pricing was collapsing. except, it is the WHOLE market now! WOW! i do have long positions. my lgndw is up 120% in 3 months so don't feel too bad for me ;-)