Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

3:59 PM EST

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To: The Vinman who wrote (19109)	5/1/1998 12:11:00 AM
From: Paul V.	Read Replies (1) of 70976

The Vinman, >I it breaks support at 35 it could move lower.....its a day trader at the moment, if you want to make easy money, short it during the run ups, and buy it when it weakens, the last couple of days, it has worked like a charm....< Or if AMAT hits $39 it will form a triple top. Breaking the triple top at $40 will give it the probability for being profitable at 87.9%, with an average gain of $28.7 over 6.8 months. $28.70 plus the recent low of $32 gives us a near price of $60.70 within 6.8 months--not a bad gain. However, when AMAT breaks the $54 previous high AMAT will have completed the cup and handle of Tom O'Neils approach then momentum buying will take over. Just my opinions. Paul V>

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