Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 248.40

-4.0%

2:59 PM EST

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To: greg nus who wrote (14041)	1/2/1998 12:04:00 AM
From: greg nus	Read Replies (1) of 70976

Continued, If you take the volume of shares traded since AMAT touched bottom at 25+, 14 trading days ago. Add the daily volume you get 153million shares traded hands at prices higher than 25+. During the Seven of the last fourteen trading days were at volume significantly below daily average of 13million. The last seven also coincide wilth the holidays. If you go back 14 trading days from the bottom day and add the total volume traded you get 167million shares, and puts the stock price back aroung $35. If concern about the Asian crisis was the driving force that got us from 35 to 25 it was done on equally as many shares as those who bought in at the bottom. In short panic selling buy a few, did not deter the those who recognized a bargain value. Also the buyers will be reluctant to give up there shares as easily as those who panic sold. Behind us now is the panic selling on Asian news, selling to lock in gains, and yearend Tax Selling. Going forward next monday Money managers return to work, fresh money will flow from bonus and Ira 401k ect and pension contributions. January effect could help the beatup tech sector Asian worrys are abating. AMAT may have a good chance of eaisly poping right back to 35 or higher on a continuation on the tails of the Santa Clause Rally. All it will take is return to average volume trading levels, which all positivly assured now that the Holidays are over. AMAT should do well especially if the Dow Industrials sets a new high in the next 10 trading days before retreating. Dow Transports and Dow Utilities have already done so in last weeks trading. Now the Dow industrials must do so to confrim the Bull is still avlive and the market has repaired it's self having corrected over 10%. New money flow should give the market the momemtum it needs to Keep the bull in tact. Good Trading..

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