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Politics : Formerly About Applied Materials
AMAT 322.32-5.6%Jan 30 9:30 AM EST

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To: Proud_Infidel who wrote (8909)10/18/1997 2:24:00 PM
From: contax   of 70976
 
Brian,

Thanx for your reply.

I am still wondering though if MS (as per Gottfried's post: AMAT: MONTGOMERY SEC. increased estimate for quarter ending 10/97 from $0.46 to $0.91 on 10/15/97) raised their earnings' estimate from $0.23 to $0.46. Making allowance for the obvious typo!

If MS doubled their estimate just two days before Robertson Stephen's downgrade, then it is quite obvious that the past few sessions have been another lesson in Market Manipulation 101.

Any light shed will be appreciated.

Regards,
Karim
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