Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

Nov 19 3:59 PM EST

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To: prashanth who wrote (18420)	4/2/1998 12:54:00 PM
From: Big Bucks	Read Replies (2) of 70976

Prashanth, I am still holding some AMAT that I bought last Sept at around $48. I believe we will see the high for AMAT(due to recent price moves) earlier this year than is normal. Since the industry and Asian markets are weak, I'm betting that the semi stocks will peak soon and then fall off a precipice going into the late spring/summer. If I am correct (and I obviously wasn't recently) then there won't be a late year correction/rally. My read---Last charge/gasp of the bull market, it will require a lot of time to rest after this outstanding early year run. I am contemplating selling if the stock hits my high estimation for the year of $42, and go 100% into a cash/safe investment mode. Just my opinion, good luck to all !! BB

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