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Politics : Formerly About Applied Materials
AMAT 267.12+4.0%1:30 PM EST

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To: FR1 who wrote (62260)3/22/2002 5:38:49 PM
From: Math Junkie  Read Replies (2) of 70976
 
Re: "Gottfried's chart shows the opposite - that the splits do not occur at the top of a price move."

If you consider all eight splits, they don't seem to have any predictive value one way or the other. All they prove is that the stock has gone up in the past, and like they say on Wall Street, "Past results are no guarantee of future performance."

"They are the first to know that recovery is underway because the chipmakers have to order supplies now for future production."

I question the use of the word "know" in that sentence. What the chipmakers are doing is guessing and hoping that chip demand will improve fast enough to put the equipment to good use. That depends on how fast the economy improves. Maybe it will happen - and I'm not saying it won't - but nobody really knows.
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