Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.34

+1.1%

Jan 23 9:30 AM EST

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To: stockycd who wrote (15131)	1/29/1998 12:17:00 AM
From: Jeff Olson	Read Replies (1) of 70976

stockycd, If AMAT breaks 33 I think we would see a quick run-up in the price of the stock, the next "strong" resistance level is 40. There is currently a lot of the short interest in AMAT and if it breaks to the upside the shorts would be forced to cover their positions or risk margin calls. That means they would be buying the stock fast and furious driving the price up even more. I may be way off base but I don't think we will have to wait too long to know. AMAT is poised to break 33 tomorrow.

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