Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.87

+4.6%

Jan 2 9:30 AM EST

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To: davesd who wrote (9812)	10/27/1997 9:56:00 PM
From: Big Bucks	of 70976

Dave, I was in a fab all day and missed the excitement too. I "predicted" that the market was acting like the 1987 market in late spring and got a bunch of negative commentary. I have re-itterated that prediction and the said the market would severely correct (crash) in October, thru-out the summer, and was soundly thrashed by the overzealous enthusiasts. It does not pleasure me to see so many investors panicing, the markets were overvalued as was the stock, fundamentals speak for themselves. Everything has a fair value. I see fair value of the DOW at 6800-7000 and fair value of the Nasdaq at 1300-1400, AMAt should hit $22-25 after earnings in late Nov or early Dec (there should be a spike up to $34-36 around earnings time). I am resisting the urge to buy at this time and will wait till my timeline date and the price co-incide. Next year the markets will rebound to their past levels of around 8000 and 1700 probably by March if not sooner, barring any real catastrophic bad news. Regards, BB

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