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Politics : Formerly About Applied Materials
AMAT 318.63-3.0%3:59 PM EST

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To: Paul V. who wrote (23708)9/1/1998 8:49:00 PM
From: Big Bucks   of 70976
 
PV,
"What a wild two days. I can hardly wait to see the DW weekly data tomorrow to see how the market and sectors responded. It looks to me that the mutual funds were going into the techs. I wonder what is going to happen to Big Bucks predictions. However, looking at DW past AMAT charts there is usually a retest of the bottoms before the movement upward."

IMO, nothing has changed in the semi sector to indicate that things
will improve in the mid/long term. Earnings are still a major
analytical tool, as are price/sales ratio. The funds/institutions
will use real data and projected near term performance to determine
their investment strategies and holdings. Perceived losses for several
future quarters can't be a strong positive motivation for
institutions to continue to hold if the bias is downward and growth
looks to be poor. Why tie up the money when there are better short/mid
term opportunities.

Just my opinion,
BB
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