Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 323.62

+6.4%

2:08 PM EST

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To: Denice who wrote (23768)	9/3/1998 4:15:00 PM
From: Big Bucks	Read Replies (1) of 70976

Denice, This could be a long slow bottom dragging process with further price drops and small rally's for many months to come. The semi's are probably close to the bottom but may languish there for the next year or more. AMAT has exhibited some bouyancy but is taking on more water and IMHO is not at the bottom yet. It could sink slowly from here unless the institutions unload their positions which is keeping the AMAT ship afloat. Daily volume is the key and could be dramatically influenced by any major market moves to the downside on more bad news concerning Yeltsin/Russia, Chinese Yuan, or some big banks going bust in Japan. If the stock drops to < $23 then the likelihood of going to less than $20 is greater than 75%, IMO. Just my opinion, BB

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