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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

3:59 PM EST

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To: Suresh who wrote (25797)	10/29/1998 12:52:00 AM
From: Paul V.	Read Replies (1) of 70976

Suresha, I am sure you have seen the AMAT press released 2:00 pm Eastern Time entiled, "Cirent Semiconductor Selects Applied Materials' IMP Liner/Barrier Technology for Most Advanced Devices." AMAT is not instrong hands. I am curious to know.. how P&F performs in a prolonged bear market.. Who is saying we are in a bear market. We have reversed up from the bottoms and as Tom Dorsey stated the turnaround was of record performance. So, does the current P&F read support buying now or on a pull back to 29? Yes, if you/we can catch it at the pullback price. But, as we have previously stated on this site, "When you think AMAT will ziggs it zaggs. Such an example was how AMAT was moving down but then we had the above press release and whoops the stock went up $2 5/16. If some one buys it now do they have to have a stop loss at 24? At these low levels I do not use stops since I do not want to get stopped out. However, when AMAT breaks $54 approaches $100, Tom Dorsey does recommend using stops. The problem which I have observed is that during the shakeout pattern you can get stopped out with the stock reversing and continue to run on up. Many times the stock will drop $5-8 and then reverse on up. I refer to my charts and watch the volume regarding the possibility of selling. AMAT is a very hard decision on timing the sell and buy. Tito, has been very accurate in projecting AMAT's upward progress toward $100. Just my .02. Paul V.

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