Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: FJB who wrote (38437)	10/17/2000 11:44:56 PM
From: Sun Tzu	Read Replies (1) of 70976

I did a very rough calculation of where AMAT may bottom. I came up with 34~52. The mid point is 43 which is fairly close to where we are. I think there are tradable rallies starting tomorrow, but stability will not come for another month. Also, although I expect a sharp turn around around March, in '95 AMAT peaked for 8 months before SEMI orders. So we should not be too surprised if the stock keeps falling for 3 quarters in the face of good news, if the cycle is ending. ST

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