Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

Nov 18 3:59 PM EST

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To: Ian@SI who wrote (45459)	4/16/2001 2:42:12 PM
From: michael97123	Read Replies (1) of 70976

Ian, Earlier today Richard McCabe from Merrill who has been a bear for the longest time called today(and perhaps a few more to follow) as a minor pullback from last weeks rally. He saw so much strength in last weeks rally that he predicted mid to high 2000's for nasdaq, I think by the end of May. He is not yet a bull and indicated the jury was out whether there would be another down leg following this powerful rally. He urged folks on the sidelines to take advantage of this rally and folks who are fully invested in tech to lighten up at the end of May when a pullback/retracement etc occurs. The economy going forward should become clearer by then as well. McCabe i believe is head technical analyst at merrill. Mike

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