Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 248.68

-0.5%

10:24 AM EST

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To: advocatedevil who wrote (61546)	3/6/2002 1:36:14 PM
From: Jacob Snyder	Read Replies (3) of 70976

ST - Trading: The market is trying to decide whether to break through strong resistance at 50. The trend from 10/01 on, is up. The macro and sector news is increasingly positive. OTOH: valuations (even based on 2003 and/or peak EPS) are getting stretched. And every attempt since October 2000, to rally above 50, has failed, and eventually the stock goes back to 40 or lower. So, it could go either way. If my sell at 55 doesn't happen in the next few days, I'll probably lower the sell price to 50. And, if we don't get through 50, then I'll place a large order, to buy back at 40, everything I've sold on the rally since 10/01.

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