Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: Marc Trombella who wrote (17168)	3/5/1998 10:51:00 AM
From: BelowTheCrowd	Read Replies (1) of 70976

Much ado about nothing. Well, maybe not quite, but the hype that was flying around last night and into the pre-open today has just not manifested itself. We've got a big correction in Intel and a smaller one in everything else. Not even enough for me to consider it much of a buying opportunity. But I'd be looking for more warnings in the coming weeks. Disk drive makers have got to be feeling the same pressures as Intel in the channel. Ditto for other components. I'd look for a continuing moderate decline in everything tech-related for a few weeks, then some stagnating until there is solid good news. in the meantime, the pundits are all looking for "other growth areas" and hyping the ongoing momentum in major pharmaceuticals, HMOs, etc. When this all shakes out, they'll be calling for a move back to tech. Anything to make commissions and justify their jobs. For most of us, this would seem to be a good time to sit tight, or maybe to hedge a bit with a few puts. Feeling really good about the OEX puts I got into last week. Was in the red for a few days, but looking OK now. mg

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