Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: advocatedevil who wrote (64221)	6/5/2002 4:27:45 PM
From: Jacob Snyder	Read Replies (3) of 70976

I'm shortterm bullish on AMAT. IMO, the area around 20, which we have now approached on this dip, is strong support for AMAT. While a lot of stocks are taking out their 9/01 lows in this dip, AMAT has shown huge relative strength, staying far above it's 9/01 lows. Stocks that show relative strength on dips, usually continue to show relative strength on rallies. When the mood changes (and it will, abruptly, and for no good reason), AMAT will quickly bounce to the April/May highs. It could even happen in one day. For me, buying at these levels is the easy decision. The hard decision will be whether to sell when we hit 27.5

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