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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

Nov 25 3:59 PM EST

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To: Paul V. who wrote (28589)	2/26/1999 1:27:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) of 70976

Paul V, This Dip is materializing as a major Consolidation or a Time for those Left Behind to Catch Up or I simply call it as the resting point or Landing of the AMAT Staircase. Last month I did mention this:--- " ... The Landing or Resting period for AMAT and the Market (now it's clear to me after reading your Post and that of Big Bucks) will start after AMAT's Earnings report ... but not necessarily immediately after... ... But the Good thing is: --- Jan and Feb prices are traditionally lower than that of Apr and May. In a Bull Market such as we are now in, prices in the months of Summer/Fall are always higher than that of Apr and May in Spring... If we do not get the Lowest point for the year in Jan, we will certainly get it in Feb (sometimes the lowest occur in Mar). The thing we should not Ignore is the fact that the Market ALWAYS take a much needed Rest that last for a month or two beginning in Jan or Feb... We Bulls should take this opportunity to Load Up during this Landing period... Now the Question is at What price AMAT is going to hit the Highest HI before that YoYo Drop to as much as -21% ?... Here's a Hint: --- one day during the last Bull market we saw AMAT suddenly turned down after hitting 72 (all the while the rest of the Market leisurely going Up and Up). A day later there was a news about INTC's prospective earnings leveling off. Then one Lady Analyst issued a sell signal for AMAT (her reason was that her target price of 65 was already met. Analysts as we know now, issue Sell signals when stocks are going down not when they're going up). The stock dropped to just above 57 then slowly Clawed its way Up... " Now there's a general hesitation among AMAT traders whether to move the stock down some more or move it up to 63 (trading between 62 and 64) prior to that eventual run to 100... What we can do again is to take note of this Dip (71 5/8 to the present 56 13/16 is a bit less than 21% decline) and add this info to what we got in the 1997 Dip that saw the stock Dip from 72 to 57 9/16, just a little bit more than 20% decline... This way we could predict with more accuracy the price movements of the stock. I'm sure you and me and Others are going to put our money in AMAT (by buying CALLs or PUTs or by being LONG or SHORT) for a Long Long Time to come!...

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