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Politics : Formerly About Applied Materials
AMAT 260.77+0.2%Dec 24 12:59 PM EST

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To: Jacob Snyder who wrote (13233)12/14/1997 3:28:00 AM
From: Tom B  Read Replies (2) of 70976
 
Regarding the bottom, I don't think we're there yet. Buying-in at this point is like catching a falling knife. So many investors have taken a beating on AMAT lately that I would expect to see a basing stage that lasts several weeks, at least. Valuations are tempting however, and I wouldn't want to linger too long at the station before the train leaves.
Tom Brimacombe
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