Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 253.43

+2.0%

Dec 18 3:59 PM EST

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To: Proud_Infidel who wrote (47411)	5/30/2001 9:03:33 AM
From: michael97123	Read Replies (1) of 70976

Brian, We were probably headed for those lows that carl talks about when the markets judged speedy fed moves as a plus for amat et al. Each time is different. That is not to say that a fed failure to induce a return to respectable growth will not cause this group to retest lows or perhaps worse. All of us engaged in TA or FA are merely predicting on what kind of recovery we will have in what time frame. This week it seems gloomy, while a couple of weeks ago it was different. I believe volume continues to be light with plenty of money and liquidity out there to jump in if and when news brightens a bit. With Sun we might have had company specific issues spook the market rather than "weaker European sales" as they said cause the fall yesterday and this morning. We will see soon enough whethere this decline has legs. Mike

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