Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (11021)	5/14/2002 8:26:13 PM
From: James Strauss	Read Replies (1) of 13094

Jim, what do you make of the AMAT sales/earnings release? I find it troubling that the stock makes a big ah run, on making 3 cents instead of the lowered 2 cents, with a 1st-quarter net that crashed 84% on a 46% yoy sales drop.. But they say things are getting better... Well, they can hardly get much worse! William: Obviously a drop in revenues and earnings is not good but that old phrase "Better Than Expected" seems to get the juices going for those wishing to buy at the bottom... Unfortunately, there are willing sellers thankful for the oppty to take short term trading profits at the expense of those hoping they are in the beginning of a long term turnaround... Let's see what happens with the coming triple top test in the 28.00 area... bigcharts.marketwatch.com Jim

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