Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.36

+4.4%

9:35 AM EST

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To: Scott Brooks who wrote (12748)	12/8/1997 4:54:00 PM
From: Math Junkie	Read Replies (1) of 70976

<<I would hate to think that the move is on the basis of an relatively insig. buyback announcement (IMO)>> Perhaps such announcements should be interpreted in the same vein as reports of insider selling - namely, when the executives are selling, it means they think the stock is expensive, but when the company is announcing additional buybacks, it means they think the stock is cheap. Many semi equip executives were selling stock in August, and as we all know, there was one huge correction in October, so I think we ignore the implications of such reports at our peril.

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