Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 262.44

+0.6%

2:40 PM EST

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To: StanX Long who wrote (49954)	7/30/2001 12:34:53 PM
From: Kirk ©	Read Replies (2) of 70976

Both charts looked bullish to me despite your bearish (I think) statement that the top would be short lived. KEY was the double top break-out that broke the short term trend of lower highs... The way I read it, we might have a new trading range with an upward slant where AMAT could go to $47/49 then head to a higher low perhaps at $44 OR it could breakout... Being that I have spoken now to two people at different chip companies for anecdotal statements... "Business is bad, but WE are doing better than the rest and our bottom is probably behind us..." leads me to think people are seeing orders but not reading about it from their competition yet. With THAT change in sentiment, I would not short at $49 to play the down trend... but then again, I have never shorted and am not a trader...just a bloke offering my 2¢ worth... :) Kirk out

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