Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 329.07

-0.4%

3:59 PM EST

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To: Kumar Nathan who wrote (4161)	4/29/1997 8:31:00 PM
From: Dom Sartorio	of 70976

Folks, this stock is holding up really well, don't start with the puts and the shorts just yet! Look at AMAT's activity over the last few months: After bottoming out in the 20's with the rest of the semi sector last summer, it ran up through the 30's and 40's November thru January as the Street realized that Applied Materials came out of that slump with a VERY commanding position among semi-equip suppliers. Since February the rest of the Techs got hammered but AMAT has held its own in the 45-52 range. Volatility yes, but overall downward pressure, no. And unless the company's fundamentals change, the stock's behavior shouldn't change either, until the broader tech sector picks up again, then this stock should do very well once again. Maybe one could play the volatility by buying some puts and covering quickly, but shorting could be very painful. Very long on AMAT, and looking for very good things from this stock in the long-term.. DOM

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