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Politics : Formerly About Applied Materials
AMAT 221.88-5.7%3:23 PM EST

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To: Gottfried who wrote (24205)9/12/1998 2:49:00 AM
From: Jacob Snyder  Read Replies (1) of 70976
 
GM: that's right!

When there are clear signs of an upturn, when BB gets his positive news, AMAT will be trying to break above 40 again. Think about all the times the stock has bumped up against 40 this year. All it'll take is a whisper of a scent of a rumor of good news. And the Fidelity fund managers will catch a whiff of it before I do, and buy a few million shares. There still will be lots of upside from 40, but the first double will be behind us already.

I'm trying to buy at the point of maximal despair and zero visibility.
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