Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: Gottfried who wrote (9946)	10/30/1997 12:13:00 AM
From: Steve Byers	Read Replies (4) of 70976

GM... I think we've hit a flase plateau... and the market will have another one or two very steep down days, or a week or two of further correction... taking much along with it... including amat, which my bet will drop less than the market... but will be nonetheless below 30 over the next 6 to 10 weeks... the happy faces of the floor traders on Tuesday in the papers will be a sharp contrast when the market again dives to the Monday lows... all is not well in OZ...which is seen in many money managers still sitting on the sidelines... cautiously remembering that prices are set by emotion guided by expectations on earnings and growth, but emotion is the most powerful impactor... witness Intel trading up 20% gapped Tuesday from the low of 70 to 85+... emotion... and today nearer 80... is that because earnings expectations changed? or emotion and perception of value???

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