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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Investor2 who wrote (5854)7/12/1998 11:32:00 AM
From: Joseph G.  Read Replies (1) of 42834
 
<<Wow! That's quite a negative outlook on AMAT, a drop of 50% from the current price, which
itself is a drop of 40% from AMAT's highs. In fact, I think that's the most negative AMAT
forecast I've seen. At what level would the Dow Jones Industrial Average, NASDAQ
Composite, and S&P 500 be if AMAT went down to the mid-teens? Surely, they would
experience significant drops if AMAT goes down another 50%!>>

Answer to your question:
AMAT = 12
DJIA = 9,000
NASDAQ = 1,900
S&P 500 = 1,180

Lots of small and midcap Cos. went down more than 80% already, and yet the indexes are where they are.
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