Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 230.17

-1.4%

Nov 7 9:30 AM EST

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To: robert b furman who wrote (25322)	12/5/2013 4:55:22 PM
From: The Ox	of 25522

AMAT in the process of closing the big gap. On 9/23, it closed at 15.99 before gapping into the 17s on the 24th. The previous high at that point was 16.43, 3 days before the gap up. Today's low at 16.41 puts the stock in the area where if it could reverse back up, most would consider the gap "closed". It will be interesting to see where support shows up.... There should be plenty of support in the high 15s, if it ever gets that low. It probably should be mentioned that we could be coming off the euphoria of the merger news. Mergers of this size usually take a couple of years to show the intended synergies.

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