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: LemurHouse who wrote (4780)	5/22/1997 6:22:00 PM
From: Tech Buyer	of 70976

>>I think the projections given earlier on this thread using P/E's of 20 etc, are low. I liked the analysis, but they assumed that the market will value the issue rationally; and we know that that isn't how the market reacts to strong growth. I think the market will overract as the news continues to improve, and that it will drive both the price and the P/E much higher.<< Andrew, Yup, I agree. The PE of 20 was just a conservative figure used by another member. Didn't want to be accused of having excessive optimism <g>. Well, at least I back it up by doubling my (already big) position in AMAT this week using LEAPS. Good luck.

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