Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: John Trader who wrote (41994)	2/10/2001 9:37:35 AM
From: Jerome	Read Replies (5) of 70976

What is your guess?, we go up or down after earnings release? Anyone else reading this have thoughts on this? As I see it the lowest AMAT goes is about 38. After earnings it trades between 40 & 50 depending on the FED and other influential factors we haven't thought about. Here's why. Anyone that wanted to dump AMAT has had a whole week to do it.If you really believe that a stock is heading downhill why wait until the bottom of the hill has been reached? Once a pattern becomes widely recognized its usefullness ceases.(selling on the bad news for example). Because this pattern is so widely recognized too many people already have tried to take advantage of it. Mr Kearney has presented some interesting charts, & I hope that he is dead wrong. His charts would indicate that AMAT is headed for the low 30's. I believe that many TA people would agree with his assumptions. To his expectations I would say that events dictate what the charts will look like. His theory would be that the charts will dictate what events will take place (much lower stock price). Well we have the whole week-end to debate this. Perhaps we should separate the semi-equips into two groups. One would be those that are having a good quarter and outlook, and those that are having much lowered expectations for the rest of the year. Jerome No disrespect meant to Mr. Kearney. His theory is just as valid as any other that I have read about on these threads.

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