Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 338.12

+2.7%

12:19 PM EST

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To: Ian@SI who wrote (32110)	8/19/1999 12:31:00 PM
From: Justa Werkenstiff	Read Replies (2) of 70976

Ian: Re: "What am I missing?" Nothing except it was AMAT's turn for profit taking in this correction and the perceived order shortfall that wasn't provided an excuse. AMAT had held up well in this correcting market up until earnings and in a different environment it would not have been hit so hard. Also, the guidance gave some the shakes in an already shaky market. I see a bottom at $63 and I expect a week from now AMAT will be $70. AMAT will not make a new high without a catalyst short term IMO as the market has sentenced it to a trading range. I see a top at $75. BTB is the only thing on the horizon with potential for new highs but I don't think it will do much. Regardless, this stock will perform if Greenspan does his job in a responsible fashion and the BTB does not drop off a cliff <g>.

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