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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: Steve Byers who wrote (10035)10/30/1997 9:21:00 AM
From: akidron  Read Replies (1) of 70976
 
i too think that we will see further selling and have place buy orders at 29 1/2 and 25, and will purchase the ANQ @ 35 if they reach $1. one should be vary careful before reading too much into intel at this point. the huge move up on tuesday was as a result of a faulty analysis of previously anounced stock buy backs and the correction came after the story was clarrified. there is little doubt that short term damage has been done to its margins by the markets move to sub 1000 pcs and that it for once is playing catch up at the low end. it will be fine long term but will not lead the market higher right now... that honor will likely fall to AMAT.
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