Applied Materials No-Politics Thread (AMAT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMAT 304.08

+2.2%

Feb 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (8919)	2/17/2004 8:27:55 PM
From: Big Bucks	Read Replies (2) of 25522

I guess Fitzgerald isn't counting all the new fabs being constructed and ordering equipment this year and next. He also seems to be dismissing existing fabs that have focused on making excellent profits over the last 9 months and now have extra capital to justify purchasing equipment upgrades. I'm still expecting the stock price to steadily increase after tomorrow's earnings. The stock price has been very volatile over the last month on relatively low volume of around 20M shares a day (relative to about a 28M daily average). Primarily this appears to be day trading activity, considering that there are 1.66B shares in the float. In any case, I'm believing that Fitz is talking down the stock (maybe B of A has taken short positions) but will reverse and recommend a buy in March/April. Friday is options expiry so more volatility in the stock price and markets is expected this week. BB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next