Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: Robert O who wrote (39335)	11/9/2000 12:27:09 PM
From: Gottfried	Read Replies (1) of 70976

Robert, you're right: a rigid TA follower might have sold AMAT when price broke the support at 43 this am [pre-market, I suppose.] Since the stock is up now, I can say it held above support. It also ignored the BofA target reduction. Personally I use TA in conjunction with other considerations. Right now I'm just holding my small AMAT position because both TA and FA have me totally confused. But I am not buying more for lack of TA buy signals. And even if a buy signal comes, it may just be a temporary hiccup. We have had several of those lately. Gottfried PS: there is no holy grail. What's more: as soon as I think I understand what makes a stock move, the rules change.

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