Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 318.72

-2.0%

3:59 PM EST

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To: Gottfried who wrote (10833)	11/12/1997 5:33:00 PM
From: Michael R	Read Replies (1) of 70976

GM, I will try to do better than the press release. Maybe there is something in how things were put (Greenspeak). There was no rate hike today, but next time ...? As far as AMAT is concerned I think that there may be a bounce tomorrow and perhaps AMAT will move up until earnings are released. My instincts tell me that any good news might be something that investors will sell into - Particularly so for people who bought their shares late in the cycle and didn't get out near the top. I was fortunate enough to have bought AMAT some time ago (P/E around 7). I have a good profit plus cash reserves and don't mind waiting for things to work out. I expect that this will not happen until sometime next year (I figure a rate hike). I don't have a good track record for predicting the FED or stock prices, so I might be all wet on this. Michael

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