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Politics : Formerly About Applied Materials
AMAT 86.25+5.3%Oct 3 3:59 PM EDT

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To: Cary Salsberg who wrote (60900)2/22/2002 2:47:38 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
Sorry I wasn't clear. Those two opinions are different time frames.

On a time frame of weeks to a few months, I am bullish. I think this current dip (6 weeks old) doesn't take out the 10/01 lows. Then, IMO, we will go on, and sometime this summer, take out the January 2002 high (Nas 2100). I am using margin now, following my policy of buy-the-dip/sell-the-rally. I'm guessing we're now close enough to the bottom of this intermediate-term dip, to be safely using margin. I will get off margin quickly, in the following rebound,as I did last October.

On a longer time frame (many months to a few years), I think we have not seen capitulation in the telecom/internet sector, including their equip suppliers. Notice, this opinion is not a market call. It's specifically about telecom/internet (a large sector, but not the whole market). To a certain extent, we are already seeing this. WCOM has recently taken out its 2001 low, while the Nas and S&P 500 are still well above those lows.

Am I being clear now?
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