Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

-1.2%

Dec 31 3:59 PM EST

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To: Gottfried who wrote (42098)	2/13/2001 2:20:04 PM
From: John Trader	Read Replies (2) of 70976

Gottfried, The big question: Is the bad news we get later today priced in or not? I was going to sell some today if it hit 45 or so, but since it has pulled back so much, not sure now. AMAT warned when it was at about 52, so the bad news certainly could be priced in. I think what hammered Cisco after earnings was that too many were in love with the stock, I think the bad news should have been obvious to the pros at least. Are investors in love with AMAT?, not sure, but I don't think so. Also maybe the Cisco warning was too weak vs the AMAT warning was on target. Morgan is pretty good at managing Applied through both ups and downs. Maybe Chambers is just learning how to give bad news. Also Greenspan said today he did not think the slowdown would last that long. Another thing is that there is some support at about 42, last quote I got was at 42 5/16. Hate to sell at the bottom. Short term calls like this are quite difficult. I saw the Briefing.com comments in the post two before this one, but advice to sell would have been better at higher prices. Thoughts? John

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