Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 188.47

+2.9%

Sep 13 9:30 AM EDT

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To: Jacob Snyder who wrote (60683)	2/24/2002 6:10:50 PM
From: Hawkmoon	of 70976

Almost by definition, the bottom in asset prices can't happen while any significant fraction of investors have any hope. Assets are ignored rather than hated, by investors. Hmmm... I always figured that "bottoms" come when mass panic selling amongst speculators causes asset prices to be discounted to the point where value minded investors step in and purchase the assets. When the speculators get shaken out, the REALLY smart money looks for value at prices that almost guarantee them a nifty return when the fear subsides. After all, someone has to own the stock, right? Hawk

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