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Politics : Idea Of The Day

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To: Roger Smith who wrote (14148)	11/13/1997 2:11:00 AM
From: Lee G. Sommer	Read Replies (1) of 50167

I've been lurking here for some time. Been in and out of AMAT about a year ago. Looking for an entry price. I'm swinging for a double in 3 years (or less). IMHO a limit price of 24 should allow me the op- portunity to obtain just that. There are risks. Just read an artilce in BARRON's about how the Chinese Yuan (sp?) could be 30 to 50% overvalued. And that if it corrects it could set off a fresh round of devaluations in the asian markets. I am also of the opinion that the "world banks" and powers that be (ie.Federal Reserve) have little interest in seeing this asian "thing" to its fruition. That is to say, let the markets move as they will w/o intervention. I believe they will act. Iraq is the other pimple on the butt of progress. I say that we should get Saudi Arabia to cut some sweet heart deal with the Ruskies and the Frenchies for all the oil they can burn. Thereby taking the wind out of Saddam's sails. Saudi Arabia and Kuwait owes us big time, time to cash in some of those chips, IMHO. Again, I think AMAT would be a steal @ 24. LOOK beyond the next 6 months. LGS

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