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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: Gottfried who wrote (53680)10/3/2001 2:31:13 PM
From: Jacob Snyder   of 70976
 
Thanks. In spite of the fact that the 200WMA has just failed in a spectacular fashion, it clearly has been an important line in the past. We bounced there in 1996 and 1998, and that MA was a support line for 9 months prior to 9/11/01. So, I'd have to agree with Eugene that it is a useful thing to follow. Wonder what he thinks now. As I recall, he was buying out-of-the-money LEAPs when the stock hit 40.
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