SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 301.11+6.9%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Proud_Infidel who wrote (35148)5/10/2000 9:44:00 PM
From: Jerome  Read Replies (3) of 70976
 
Brian, the earnings release is being blamed for the sell off during hours and the sell off after hours. But in reality most tech stocks were down the last few days and perhaps AMAT just joined the parade.

After market trading has little or no reliability. Recall that CSCO ( traded up after earnings were announced) in after hours but finished the next few days down.

I believe that its very likely that AMAT will finish up by the close tomorrow or Friday. When there seems to be unanimous opinion that a stock will get pounded the next day, it rarely happens.

Any serious investor or mutual fund manager will come to the conclusion: 1) do I buy AMAT between 75 or 80 in the next day or so or 2) do I wait until it breaks solidly above 85 and then jump in.

The investors that believe the techs will not rally for a long time probably already left.

The way to cover new money going into AMAT tomorrow for the nervous investor would be to buy below 80 and immediately write a June 80 covered call and get 4 to 6 points for it.

Its always important to keep in mind that conventional wisdom in this area changes dramatically about every 45 days. Makes me think that many investors in this area are on Lithium.

Regards, Jerome

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News