Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gottfried who wrote (26655)	11/24/1998 1:06:00 AM
From: Paul V.	Read Replies (1) of 70976

Gottfried, Take a look at the DW AMAT expanded chart. With AMAT have broken the $39 double top it now has equaled a wide spread double top at $40 the next resistance of October 1997. When we break the $40 level at $41 the next resistance is at $42 then there is a gap all the way to $53 the potential resistance and all time high of $54. We may reach $54 far sooner than we expect. When we break $54 than momentum takes over and as Lester E. stated, "Katie bar the door" William O'Neil's "cup and handle" takes over as AMAT shoots to and past $64 to Tito's $68 to $100 price. It is an exciting time for those of us who own AMAT. IMO, if you consider AMAT's potential price momentum then even at this price the upside potential gain is good naturally not as good as those buying in the 20's or early $30's. Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Paul V.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next