Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 3:59 PM EST

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To: Alastair McIntosh who wrote (42764)	2/27/2001 3:41:14 PM
From: Jacob Snyder	Read Replies (1) of 70976

Just covered my short at 45. I've been steadily more worried at AMAT's relative strength, compared to the other techs. The Nasdaq is back to where it was at the end of 1998, and if AMAT were doing what INTC and EMC and CSCO are doing, it would be in the 30s. I'll reshort in the 49-50 range. I'm thinking we may get a rally sometime in the next month, like the January rally, on Fed rate cuts. I think I'll wait for it. So, at the moment, I am back on the sidelines.

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