Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 268.66

+1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jtechkid who wrote (19721)	5/28/1998 5:47:00 AM
From: Justa Werkenstiff	Read Replies (3) of 70976

Kid: Earnings announcements would be of no big surprise to me at least. I can't speak for the market. In effect, however, AMAT has already preannounced with its guidance during the cc putting earnings at .20 - .23 for the upcoming quarter. Their guidance is usually pretty good to say the least. You got close to a 20% correction in the stock up to this point as a result. Now they have come out with a restructuring charge and the price of the stock hardly moved yesterday. I see a support level for nibbling; you see a support level for covering. We both see the same thing but from different perspectives. I remember during the November 1996 cc Morgan said the following: "Looking forward, we believe the industry downturn could extend through the early part of CY 1997 with the last half of 1997 still uncertain." Well from that gloomy forecast stock climbed from $16 post split to $35.5 by the end of June, 1997. An interesting thing to keep in mind currently. BTW, I did not view the last cc as in any way positive short term whatsoever and neither did investors by looking at the tape. I don't know what spin you are talking about there. Long term the company is upbeat and it has every reason to be upbeat given its past performance in down cycles. I would keep in mind the relief rally in early April after all the sellers had gone in a window dressing move to get out by the end of March. There were no sellers left in early April and the stocks had a nice rally.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next