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Politics : Formerly About Applied Materials
AMAT 322.32-5.6%Jan 30 9:30 AM EST
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From: Hightechhooper11/26/2001 12:55:45 PM
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Can I ask who is buying at this price? It seems to me that even the most bullish are writing covered calls at these levels. My theory is that their is such of flood of money into mutual funds that they are just buying baskets of stocks because they have to and, as a result, many individual stocks are getting way ahead of fundamentals.

I would like to own AMAT but I was hoping for a low $20 price. Given the uncertainty and the timing of a recovery $40 seems very pricey to me.

Thank you for comments,
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