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Technology Stocks : Stock Swap

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To: Patrick Slevin who wrote (10297)12/11/1997 2:29:00 PM
From: Trader X  Read Replies (2) of 17305
 
re: AMAT. I agree that the next vital support level is near $20.

quote.yahoo.com

$20 is where AMAT broke out from after the last major correction. It should hold there on this correction.

I think we could see a bounce back to near $30 before then, though...a relief rally for investors to unload at prices higher than todays.

I'd hold off on selling today, and sell into any rallys in the next week or two. Ditto on any and all other semi/equip/tech stocks.

-Kevin
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