Katherine,>I wouldn't make a claim like that if I were you.... I don't think AMAT will hit 60 this year either, but if it does it will be because some third scenario happens.<
I agree with you. Last up cycle AMAT, when it hit its previous high of $60, it completed the "Cup" portion of what William O'Neil, classifies as the "cup and handle" scenario where momentum takes over. The stock then proceeded to move upward to the $108.375 where it split 2x1. IMO, Tito, on this site, also re-inforced this concept when he, I believed, stated, "after $70 AMAT has the tendency to move quickly to $100 +." Am I wrong Tito?
My statistical, standard deviation data, calls for a high of $105.733 in this up cycle.
We shall have to wait and see how the DW projections now materialize.
Gottfried, Didn't I project a high for 1998 of around $60?<g> I am glad we are now talking about $60.
Just my $.02.
Paul V. |
