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Politics : Formerly About Applied Materials
AMAT 261.90+0.4%Dec 26 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (13469)12/16/1997 8:13:00 PM
From: Paul V.  Read Replies (2) of 70976
 
Tito, Isn't ironic that we are have downgrades by brokerage houses while the number of funds holding AMAT has increase from approx. 363 a month ago to 377 last Tuesday to 389 in todays IBD, 12/16/97. The 389 number today is greater than the number of funds owning AMAT shares in the big $108 run up in August '96 by approx. 12 funds.

IMHO, it appears to me that the funds are not making the same mistake they did in the last down cycle in 1996 when the small investor got ahead of them. Could there be a relationship between downgrades and increased number of mutual funds? Of course not!:) Could there be purchases made by mutual funds at the same time that they are downgrading AMAT? Of course not!:)

Just my two cents.

Paul V.
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