Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

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To: Jacob Snyder who wrote (47469)	5/31/2001 8:49:34 PM
From: Big Bucks	Read Replies (1) of 70976

Jacob, serious layoffs have yet to begin in the semi equips, it is just a matter of time...IMO. The 60min chart is indicating next leg down at about $47 as it stairsteps down. I see no compelling reason to take a long position at this time. Buying PUTS has little risk and doesn't tie up much capital. Might as well see reality as it is, no sense "hoping" that it might go up when business conditions continue to deteriorate....there will be opportunities to go long at much lower prices, IMO..... Regards, BB

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