Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 254.72

-2.0%

Dec 1 3:59 PM EST

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To: Proud_Infidel who wrote (13896)	12/29/1997 10:55:00 AM
From: Big Bucks	Read Replies (4) of 70976

Hi Brian, I think tax selling is probably done, should see AMAT just holding between $29-31 for a few weeks till the funds start buying heavily again. (January effect). I don't expect any negative surprises of any consequence. Korea is still unstable but at least controllable, for now. Japan is still a mystery may see some more negative news here, especially the banks and financial companies with exposure to Pac-rim countries in economic trouble that have outstanding loans and some possible defaults on payments. Seems like American banks with exposure to Korea may roll over those loans and restructure the pay back timing to accomodate the financial/currency crisis. Might hit quarter to quarter anticipated earnings in some large banks and financial institutions in 1998, beware of earnings downgrades in the US banking companies for 1998, due to Korea. Still looking for ~$35+ for AMAT by Feb (if not sooner), be ready to take some profits off the table with 25-35% returns since the mid Dec dip. Watch NVLS and LRCX for price jump in January. Good investing, BB

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