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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: Steve Byers who wrote (10034)10/30/1997 9:06:00 AM
From: akidron  Read Replies (1) of 70976
 
u might well be right. i am a trader. i buy when i think there is more room up than down. i believe that there is a possibility that the stock will move to 45 before the earnings and 8-12 points the next day based on blow out earnings and a confident forward statement. yes this would be a startling move, but there is a lot of fear built into todays price and that fear would evaporate. i also think that we may get a chance to by at 28 soon and play the 35s. that is the attraction to me of this stock - the volitiliy. incidently i wouldn't be so quick to short the sock at 45.... because it is more than possible that amat will make 5.00 a share in 98... at 45 the pe on next years earnings would only be 9....

none of the above is a prediction, it is just an upside scenario that I find compelling.
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