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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Jacob Snyder who wrote (26469)11/18/1998 7:50:00 PM
From: blake_paterson  Read Replies (1) of 70976
 
Jacob, re: <<review of earnings report and bottom indicators>>

I agree, especially w/ your sections #3 and 4.

#3 Adjusting for delays and cancellations, the real (net) BTB should be about 0.8-0.9. I don't buy this >1 stuff.

#4 Yes indeed. They didn't earn $0.07 this Q, they lost $0.51!!

But what does any of this matter regarding the stock price? Once the brokerages decided to guarantee themselves a seat at the dinner table before it was too late this time, reality went out the window. Now its all in the hands of artificial (common stock) supply and demand relationships, regardless of whether its a V shape or a flattened W shape bottom. But the "bottom" is here. Key point.

BP
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