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Politics : Formerly About Applied Materials

AMAT 336.87

+1.3%

3:59 PM EST

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To: Gottfried who wrote (46518)	5/10/2001 10:04:45 AM
From: Kirk ©	Read Replies (1) of 70976

RE: "Buy by August." Since they're not giving a date for August, better buy by August 1st. Since everyone knows this, better buy early in July. Since others are no dummies, they'll do the same, so better buy before June ends. That gives about 7 weeks to buy. Actually an efficient market theorist, knowing the mantra, would buy this week Actually, some of us bought the sector in December when AMAT announced it was cutting hours. I saw that as the first sign of layoffs and it seems in the past that the time to buy is when they cut staff. So far, unless this is a bear rally, it seems I got it right on this round. EVERYONE was looking over the valley even back then... All KNEW that the stocks would eventually recover so I am starting to believe this is what kept the price up... Most/many of us probably keep major long positions and try to add a bit of value trading around them. I bet we were not alone. I don't think AMAT will hit old Price/Sales ratios unless most think the company is dead meat for many years... Stocks like LRCX hit fat pitch levels in Dec with 0.5ish PEGs (I use 5 yr forward growth rates and forward earnings to get a forward PEG) but AMAT held up much better as it usually does as more follow it. It will be interesting to see how far this rally goes... what is a "low Pole Reversal"? stockcharts.com answer: stockcharts.com Kirk

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