Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.73

+6.1%

3:59 PM EST

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To: 16yearcycle who wrote (23291)	8/25/1998 9:26:00 PM
From: Justa Werkenstiff	Read Replies (1) of 70976

The August 1996 layoff announcement did nothing to the stock in subsequent days. As you note, there was a brief dip in early September 1996, but it was less than 10% from the closing price on the day after the layoff announcement. So no big deal. The closing low for 1996 was not in early September 1996 as stated. It was actually on July 24, 1996 at a post split $11.25 and was the same day of the intraday low. Remember the Garz sell signal? Same day as the AMAT lows. In any event, AMAT slowly rose in price from that September 1996 dip without looking back until she gapped up in November 1996. I am not suggesting that history will repeat itself.

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