How about an alternative gut feeling that the decline to 33 has compressed the spring such that MTSN share price will be unleashed to another new high. Everything is in place, that is, a pile of cash in company coffers, pertinent R&D that has created cost effective competitive products, buildup of manufacturing capacity and staff, and increasing demand over the entire sector. Yes, it is a competitive field, but AMAT will not be all things to every manufacturer, especially when demand for chips is high and backlogs for new equipment starts stretching out.
I feel the only real danger of slipping much below $33 at this point is an overall correction in the tech sectors which would drag us down along with everyone else. Otherwise, any catalyst at this point will unleash the potential we have here. At worst, we may range around until earnings, but I think we have been handed a gift here in the low 30's. |
