Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 327.69

+1.7%

1:39 PM EST

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To: advocatedevil who wrote (55746)	11/16/2001 3:36:36 PM
From: Jacob Snyder	Read Replies (1) of 70976

ST trading: Another day, another failure to make a decisive break above 40. This is beginning to make a believer out of me. Maybe those rallies over 40 were just headfakes, just high enough to get shorts to cover. Every day of non-decision increases the odds that 40 is resistance. I'd be happy either way. If 40 is resistance, I'll start buying back at 35, and will likely get at least a few buys. If we finally break out, and 40 is support (again), I'll just hold what I have (lots bought at 27.5 and 30). Maybe go back to trading the 40-50 range. If I do start doing that again, I won't get completely out of the stock, as I did on all the rallies up to September. That is, what I now hold is moved out of the ST pot, into the LT pot, the first time any AMAT has been in that pot, since January 2000.

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