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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: Bobbie Lee who wrote (1879)9/24/1996 11:06:00 PM
From: FJB   of 70976
 
Hey Bobbie Lee,

The pop in the price of AMAT stock was in response to a small and temporary change in the price of DRAM on spot markets. The sober underlying reality is that the semi-equipment market will contract over the next year or so. If you made some cash, that means you bought the stock at a short term bottom. You may be able to buy it
at an even better price after several quarters of shrinking sales and profits. If you're a day player and you made some cash, cool! I'm a little more conservative and long term oriented.

Bob
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