Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 226.94

-1.7%

9:38 AM EST

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To: Proud_Infidel who wrote (8321)	12/15/2003 7:04:58 PM
From: Fred Levine	Read Replies (4) of 25522

Brian--I'm perplexed by the recent decline of AMAT. Altho I did sell some calls at 30 because it did get ahead of itself, I expected it to be above 26. One reason is that foreign money is avoiding dollar denominated investments, and they've been right. The Euro is now at 123, and it was at 89 about 3 yrs ago. However, the same weak dollar should accelerate sales and profits of AMAT and other global sales firms. When the dollar begins a slow appreciation--which, IMO, is imminent --we should see a swift price recovery of US stocks. fred

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