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Non-Tech : Doc Stone's Bierstube und Trading Room

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To: M. Frank Greiffenstein who wrote (392)9/10/1998 9:48:00 PM
From: wolfdog2  Read Replies (1) of 638
 
Shorting AMAT

Doc, I think you're a little late on this one. Everything that you say is true. But it's well known on theStreet. If I recall correctly, in their last earning's report, they showed that they weren't doing as poorly as people thought they might. Sorry not to be more specific, but this one is just one the periphery of my radar screen. I don't own it, but I wouldn't short it here either. AMAT meets all the qualifications for a washed out stock. Earnings estimates have been lowered, the stock is more than 50% off its yearly high and analysts had lowered their ratings on the stock. Its best to short before the analysts have lowered their ratings.

Also please note that the stock was up a 1/16th today. Not much but on a huge down day, not bad either. In addition I believe that at least one influential analyst recently turned positive on the stock.
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