Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

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To: Lee Penick who wrote (13561)	12/18/1997 1:33:00 PM
From: prashanth	Read Replies (1) of 70976

Lee, I hope I am wrong, but despite recent discounts on semis, I still feel we should fall further. IMO, uncertainty especially in techs can often lead to huge (unwarranted) drops. This being said, I am of the opinion that the tech uncertainty will not clear up anytime soon. This is why I will try to re-enter come March or April, when the paranoia and uncertainty subside. I may miss the bottom, but at least I get a better feel for which way the industry is leaning. Missed opportunity is better than buying volatile stock in uncertain times. I agree that analysts are often wrong. My brother is no different. I am trying to follow a graduated pricing strategy of where to enter. I wan't to get in to AMAT at $25 (25% of available cash), $20 (25%), and hopefully $18 (%50). Running these numbers by my brother, he seemed to think it was a safe strategy. Incidentally, he is working on VLSI alot, and remains extremely positive if the time horizon is at least 14 months. Shawn

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