Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

Nov 19 3:59 PM EST

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To: Cary Salsberg who wrote (45613)	4/19/2001 7:10:14 PM
From: Kirk ©	Read Replies (2) of 70976

The fundamentals are worse now then in January, but the "expectation" spin put on it is better. LRCX is a good example. Orders have fallen more steeply than Bagley can remember. This must be the worst it can get, he concludes, and the market takes it as a positive. No. He says orders are UP and he expects to have higher (not a lot but higher none the less) orders the next 2 quarters BUT he is shell shocked from how badly he missed the shutoff that gave the current quarter. Fundamentally, the slope has changed and the orders are currently on a positive slope... unless he gets some cancellations. As to a "rational price" for LRCX... I wish I had a clue but I plan to lighten up if we get a major run to some really high numbers... but not sure yet what they will be. I added in the low $20's too early on the way down just like I sold a few too early going up but those low $20 shares now look pretty good at $31.40. My core shares (80% of them)... those are LTBH with a tiny basis... 8) I think it might be time to read one of Tito's step building posts. Maybe I just hate to pay taxes...

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