Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.34

+1.0%

12:59 PM EST

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To: davesd who wrote (13791)	12/23/1997 9:52:00 AM
From: Gottfried	Read Replies (1) of 70976

Dave, >When you look at % you are assuming that $54 was a justified valuation...some will disagree.< I have to agree with you. Referral to unjustified tops is common, though. I've seen it with IOM, which was once pushed up to about 60. That was a bubble with no foundation at all. We're on safer ground when we reference from the bottom (or near it), even though that might be unjustifiedly low. The top may be due to irrational exuberance and I would not bet it will repeat. GM

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