Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.31

+1.0%

12:59 PM EST

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To: Alan Siegal who wrote (5011)	5/31/1997 1:47:00 PM
From: Tito L. Nisperos Jr.	of 70976

Hi Alan, I think you have to adjust your sights upwards from 55 to the low 60s. Yesterday, tremendous support did occur at the 64 to 62 area. ..You see, there are some habits of AMAT, formed thru the years, that are hard to change. Investors who have profited from AMAT in the past keep on coming back again and again---that explains why. The stock loves to trade -5% to -10% from the top (72 to 65 in this latest case). When it trades down to -20% ( 72 to 58) it is because of outside influences like bad news from other sources. Then when it trades down near -25% (at 55---that's -23+%) it means trouble!...The stock could go further down to -50% at 36 (starting price at the beginning of the year) and furthermore down depending upon how serious the problem is...In the past two instances:---the stock traded 55 1/4 to 43 3/4 ( -21%) before the latest earnings report; and 49 3/4 to 40 3/4 ( -18%) before the earnings report in Feb...In the other hand, AMAT like most stocks, like to set enduring All-Time-Highs close to the magic ending numbers of 0s or 5s. I have a feeling that 72 could become 75 in the near future!...

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