Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.88

-1.0%

Jan 14 3:59 PM EST

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To: Gottfried who wrote (32323)	8/29/1999 12:55:00 PM
From: Xpiderman	Read Replies (3) of 70976

Picking on Applied Materials: The Dow was down 127 yesterday, and the S&P 500 closed below 1,365. Speculative stocks continue mostly to be the best performers. I remain bearish. I am going to bet on a decline in Applied Materials (AMAT) and tighten some stops. Why pick on Applied Materials, the world's largest maker of semiconductor-manufacturing equipment? On Wednesday, the stock gapped higher, but closed lower. When Applied Materials has done this in the past at a time when the stock had been relatively strong in the preceding week (as defined by being up more than 9% over any two-day period in the preceding week), it has been down seven out of nine times over the following week. I'm looking for a decline to at least $63. moneycentral.msn.com PS: Can anyone provide any track record of this guy?

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