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Politics : Formerly About Applied Materials
AMAT 256.41+1.1%Dec 19 9:30 AM EST

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To: Jon Tara who wrote (14489)1/12/1998 4:43:00 PM
From: Tom Latham  Read Replies (1) of 70976
 
Bull manure there Jon. AMAT is having a rough time as all techs but the downside from here is probably less than 2 points, while the up is 8+. Intel downside could be 10+ (we will not see it) while the up near term is less than 7 unless we get some real conviction in the techs with a forcast and outlook on Q 3 & 4. This market is looking at its feet instead of 6 months out because no clarity when you look out, this is why everything is so magnified and volatile. If we are going to get new tech in the future from any company AMAT and these like companys WILL have good order placement. I like you are smarter after the close than during the day but them 3+ points on them warrants makes a lot of us look kinda dumb for today.
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