To: Berk who wrote (30836 ) 6/5/1999 4:13:00 PM From: Raymond Duray Respond to of 70976
Hi Dick, Mostly OT: Glad you are interested. Sun Tzu suggested I move the history lesson to the Art of Investing thread. Thus:Message 9978118 Not only did Keynes lose it all in the crash, but he made it all back by the end of '36, only to lose it again in the '37 bear market. Some recovery ensued in '38 but it was the start of WWII which put things right again for JMK. Keynes was very perceptive about the intricacies of market timing. He felt that being fully invested through the periods of market turbulence was the proper stance, he stated that he couldn't foresee the days when the market would leap ahead. As we have all seen, Mr. Market is an exceptionally fickle fellow. My best guess as to what the market 'should' have done after the latest earnings report for AMAT was a 15% appreciation in the stock price. I'm glad I don't speculate based on where I 'think' the market is headed. <w> Regarding AMAT, I have been lurking here for a while and have developed a general sense that this stock way off the radar screen for the MoMo crowd, but rather it's become a hangout for the TA..bles & Charts gang. As such, it will be subject to the whims of analysis, the wiles of the option traders and the wangling of the headfake MMs. The stock will wamble indeterminately indefinitely. Since I love to look for the 100 to 1 jewels that Mr. Market occasionally passes out, I will admit to having no position in this stock and none foreseeable in the future. Still there? But this is a very informative and interesting thread and I'll probably keep it bookmarked for the long haul. Wassail! and Happy Speculating! Ry