Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: Shoibal Datta who wrote (43983)	3/19/2001 7:24:27 PM
From: advocatedevil	Read Replies (1) of 70976

Shoibal, It has been interesting to me (almost amazing) to watch how well AMAT has held its price in the face of the continuous onslaught of bad news in the sector. Did folks really know that it was going to be this ugly when they brought AMAT down to its recent lows in December? If so, I'm impressed. In any case, I find it hard to believe that the current sector weakness is all currently priced into the stock. I wonder if the reason we're holding in the mid 40's has more to do with institutional and mutual fund tech investors who are required to hold "something" in their portfolios. If I had to make an argument for holding a long position in tech at this point in time, AMAT is one I might want to defend. Still, I obviously don't believe we can hold here much longer, and if I'm wrong, well, at least I can say I took one for the Gipper! AdvocateDevil

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