Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.88

-1.0%

Jan 14 3:59 PM EST

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To: Jacob Snyder who wrote (42759)	2/27/2001 12:12:58 PM
From: Joseph Beltran	Read Replies (1) of 70976

Jacob -I may be wrong- (and God knows I've had my share of bad calls) but I think that absent a collapse into a worldwide recession we have seen the bottom in AMAT's stock price in December of last year. That's when we reached the maximum point of selling pressure characterized by year end tax loss selling in a sector which had a prolonged downturn during the greater part of the year. IMHO we have established a base in AMAT's stock price above those december lows and I firmly believe that we won't re-test them unless the bottom falls out entirely and this will happen only if we percieve a global recession. We're not at that point -at least not yet-. regards

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