Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: roly who wrote (9585)	10/26/1997 4:01:00 AM
From: geof	Read Replies (1) of 70976

I am no expert in semi-equipment but do believe the industry will bounce back and AMAT is the biggest play. Just think of it this way: Do you think AMAT will ever hit new high again? The answer is definitely yes. It's just a matter of time. Then how long would you be willing to wait (if you were an investor not trader)? How about 2-3 years? Any investment that make (54-33)/33 ie 57% in 2-3 years is exceptional. People are just expecting too much of the stock market nowadays. I use the same argument to buy MSFT, INTC, KO, MRK, CCI when they drop more than 25%. AMAT had dropped more than 40% by now. It's cheap enough for me. At 30-33 range it's getting close to be "no brainer" soon. AMAT will be around and will make new highs before year 2000. Actually when to sell is much harder. I've never heard anyone said,"This stock has risen high enough to be a no brainer to sell." Unfortunately Cary's earlier posts( September?)on this very subject yielded no definitive conclusion.

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