Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (9002)	10/21/1997 12:33:00 AM
From: Richard Russell	Read Replies (10) of 70976

HI tito, gotfried and all the amat bulls on this thread, Just thought I'd check in see how your amat holdings are doing. For those that don't remember me I posted here back in the summer when amat was ripping upwards seemingly out of control by alot of panic buyers. I suggested that although I recoginized amat as a excellent co. that it's price was getting way ahead of itself. That did not go over very well on this thread. I also said that if it broke above 100 I would short it. This real brought the wrath of the bulls here upon me daring me to do such a foolhardy thing. Well I did so anyway and now I am again asking the the counsel of this well informed group of bulls who know much more about amat then I do. Do you think I should cover my short yet? I still believe amat is overvalued but I already have over a 20 banger in the bag. Is holding on and hoping that it gets down to about 30 where it belongs as foolish and greedy as those who had a good profit in this stock at 80-90-100 but insisted that it was going to quickly rise to the absurd valuation of 120 and now have lost all those gains and will have to keep there$ tied up and wait to regain that paper$ or bail with much less. Again I am not as knowlegable about amat as many of you here are but I think I will soon take my profits and wait for a reasonable entry point to go long. What do you guys think? Is this a good strategy? Was I actually right this summer when I suggested that amat was overvalued and I put my $ where my opinion was? And does anyone think that amat is still overvalued? I still do but I also think the easy $ has been made here and long term we will go up. Nice to talk to you all again. RR

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