Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 297.52

-6.6%

3:59 PM EST

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To: Teri Skogerboe who wrote (17275)	3/6/1998 8:28:00 PM
From: 16yearcycle	Read Replies (2) of 70976

Houston, we have a problem.... The question now, for a reasonable investor, should be how low SHOULD things drop. The next question is at what prices to buy. I stated m.o. earlier that INTC deserves a haircut to 65. Now, i believe CPQ should sell at 22, which would be a price to sales multiple of 1.3 or so. Anything less is very cheap. Yes, prices can and do get lower than very cheap. INTC at 65 and cpq at 22 infers to me a naz drop of 15-20% from the highs. That brings us to 1430-1520. I will buy carefully below 1600, if it happens, but save enough to buy mostly under 1550.

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