Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 215.93

-2.0%

10:37 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockdoctor who wrote (14087)	1/3/1998 11:22:00 AM
From: Big Bucks	Read Replies (1) of 70976

Stockdoctor, The question I pose to you and the thread is : 1) Can we see $37 by the end of January and 2) Can I see a price at least $27 or less thereafter?? Please note that I will never unload my entire position at one time in AMAT regardless of where I think it is going. This Company is too good!! 1. Potentially, depending on how the funds react to the earnings reports and conference calls of the big chip companies. This year looks to be weak for the semi-mfgs and it is still to early to assess the longer term impact of the Asian situation until we get guidance from AMAT. 2. IMHO, a 50/50 chance, also depends on how things develop in the domestic US economy due to earnings and future business for the year. IF the tech sector is out of favor due to weakness then the funds may not invest very heavily (or at all) and the stock may languish between $26-34 thruout most of the year. My projected high for the year is aout $41 if things are even half-way decent in the sector. That would be presplit price of $82 and may be to high. FWIW, My strategy is nearly identical to yours, I will pull out 50% of my position if I make >25% profits from my previous re-entry point in Dec, depends on the variables I mentioned above. Just my opinion. BB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next