Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 223.95

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Nov 21 9:30 AM EST

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To: BWAC who wrote (1984)	8/1/2002 1:46:12 PM
From: Proud_Infidel	Read Replies (2) of 25522

A better title would be "Resist the Lure of Smooth Talking Journalists".....sick of these people who claim these stocks are never cheap enough. Resist the Low Lure of Verizon and KLA-Tencor By James J. Cramer They are trying to force you in. You can feel it. They want to lure you in on the idea that it isn't going down any more, or that it's done going down. Don't be drawn in. We need more of a pullback to make this one real. We need more of a shakeout. Let's go back to the KLA-Tencor (NasdaqNM:KLAC - News) and Verizon (NYSE:VZ - News) examples. KLAC is down, but not down nearly enough, given that there's nothing cooking there. I wouldn't touch that stock until it had an Adobe (ADBE:Nasdaq - news - commentary - research - analysis)-like move because there aren't good orders coming there and they aren't within "vision" of when you should want to buy. Verizon, on the other hand, isn't about to have to slash its dividend. Still, it's tough: Revenue for Verizon was down! That's not what a growth story is made up of. At least not yet. Unless WorldCom, the company, is indicted, the possibility of Verizon taking business in a steady stream instead of a landslide can't be overlooked. That means we won't see revenue growth in Verizon until mid-2003. That's not enough to entice growth buyers there -- at least not yet. I single out these two stocks because they are great reflections of the two markets out there, tech and nontech, Nazz and non-Nazz. Both need to cool off. One needs to go much lower (KLA-Tencor), and one needs to go back to the high $20s before it recharges: a pullback, albeit smaller. Neither's very enticing for now.

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