Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.27

+4.5%

3:59 PM EST

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To: robert b furman who wrote (49266)	7/17/2001 1:18:33 PM
From: mitch-c	Read Replies (1) of 70976

... This is a great buying opportunity.The degree to which one catches the exact bottom has alot to do with luck.But I for one really like the timing here. So do I ... you may recall I've cast myself as short-term pessimistic, long-term optimistic on AMAT. Well, the catalyst I anticipated (and the reaction to it) just happened with Bronson's comments. The folks hoping for a fast upturn just got their wishes trampled, and the stock reaction shows it. I set up two (bullish) orders yesterday after COB: First, selling the remainder of my JUL 01 puts @47.5; second, to buy back at $40.00 (Cary's point) the LTBH shares I sold at 55. Both executed this morning - I got $7.00 for the puts. I remain convinced we're out of the 30's (even though we saw 39.87 briefly this morning). Change me (at this point) to ST neutral, LT happy - but recognize (as I do) that I have an optimistic bias in general. - Mitch

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