Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Teri Skogerboe who wrote (4764)	5/22/1997 12:56:00 PM
From: Tito L. Nisperos Jr.	of 70976

Not yet, Teri, but soon I will. The way you talk about it , I'm going to enjoy it!... In another note (this is for Amat Short-Term Traders)---the Bears bear-hugged the Bulls to the 65 3/8th earlier. The Bulls are determined to defend furiously the 65th, what with combat ready reserves at the low 60s (Carl Johnson's Special Forces were espied to be included). Meanwhile the Bears, as relayed by another spy (not Bear Stearns), are busy building a wall of resistance at the 70th. Right now, a Trading Range of 5 points (70 to 65) is developing. The range could lenghten downwards or Upwards depending upon the Market as a whole. With this kind of narrow trading range (about 7% ) the momentum is still Up----we might be seeing another Bully-Push northward in no time at all!...( the stock is at 66 1/2 at present)

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