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Politics : Formerly About Applied Materials
AMAT 230.92+3.1%3:59 PM EST

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To: KM who wrote (9375)10/24/1997 10:24:00 AM
From: davesd  Read Replies (3) of 70976
 
I think you are right...there is support at the 30 level, however, I surprised how fast it cracked thru it's 200 day moving average. At this point the support levels don't seem to mean much.....in the rush to the exits, no one is looking back at historical supports.

Nov 20th guidance is going to be key for AMAT....plus I am surprised that AMAT has not given some reassurance that things are ok?? With such a big drop you would think that they would, unless they suspect problems next year.

We should have heeded Lone's warnings.

dave
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