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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Big Bucks who wrote (10164)6/6/2004 9:07:02 AM
From: Proud_Infidel  Read Replies (2) of 25522
 
Re: When was the last time AMAT was over $30.....not since
the last split before the market downturn.....and when there were ~800M shares outstanding....to me that is a
direct correlation.


Have you looked at the timeframe you have chosen for your "correlation"? It is the worst in history for the sector. Be careful before looking for correlations in narrow windows of time.

And regarding shares outstanding, do you never expect EMC, INTC, MSFT, CSCO, or GE to ever rise again? They all have far more shares outstanding than AMAT does. And I am curious what is the magic number for shares outstanding before it prevents a stock from rising?

Brian
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