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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (26728)	11/27/1998 9:00:00 AM
From: Paul V.	Read Replies (1) of 70976

Tito, The Elec-Semi Sector, in the Tuesday November 24 IBD Industrial Groups Price has moved upward to the 22nd rank from 35 from last week and 197 six months ago. For the 1998 AMAT fiscal year I get a EPS of 1.15. Divide 1.15 into the recent $43.00 AMAT high and I get a Current PE of 37.391. Since AMAT has reached a high PE of 51 we could potential see a near price of $58.65 based on past trends with the current. Does this fit in with your yoyo movement? Remember, that my DW reasonably near term projection is $64 from AMAT's based of $22. At the $54 area then William O'Neil's cup and handle comes into play with momentun buying beginning and your $68 to $100 senario. Great days ahead for those who are patient and AMAT invested. Now, the decision becomes, when to get out. Remember, we do not to be greedy.:) Just my opinions. Paul V.

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