Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: advocatedevil who wrote (55146)	11/6/2001 7:17:30 PM
From: Cary Salsberg	Read Replies (2) of 70976

AD, Since you indicated that you find advice helpful, I will add an observation. There is increasing evidence that technology business is bottoming. CSCO, yesterday, and MXIM, today, have reported data that indicates that they have moved pass their bottoms. I follow RSI and Bollinger Bands at CoveredCalls.com, and they indicate an over bought situation for the stocks I follow. Unfortunately, the converging fundamentals of easy money, business bottom, and the calendar make a rally which lasts until Feb or Mar a reasonable possibility. Earlier this year you put your winnings into AMAT at 50, I believe. I don't think you should bet the farm against AMAT moving back to 50 with little movement to the downside along the way.

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