Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 319.11

+5.7%

Jan 15 3:59 PM EST

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To: akidron who wrote (10566)	11/8/1997 11:26:00 PM
From: Big Bucks	Read Replies (2) of 70976

Akidron, >>I think that amat will trade around its all time high on the 21st because the story that took it there will have been confirmed.<< Do you really think the funds will make volume purchases to drive the stock to those levels this late in the year? I think not, the market is to unstable at the moment, and if the stock approached its "all time high" there is more than a 50/50 chance that the investors who are holding from the highs will bail out, short term, and wait for the prices to hit their lows for the year after earnings, which would drop the stock price to around my $24 low target.8^) The shorts would have a field day under this scenario, nes pas? Just wishful thinking, so I could load up at the bottom. BB

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