Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

3:59 PM EST

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To: Proud_Infidel who wrote (28614)	2/26/1999 3:05:00 PM
From: Tito L. Nisperos Jr.	Read Replies (3) of 70976

The Beauty of the YoYo Play is that many people get Scared to cause the stock to YoYo Drop that then invites many people to be Brave to cause the stock to go up for that YoYo Catch. The YoYo Catch is simply the Return more or less to the point of the original Drop. The time spent for the Catch is often longer than that of the Drop because of Gravity --- so it may or may not take longer than a week to see the stock near 71 5/8 again. The past month we saw the DOW 30 and the SOX consolidate (in a trading range) while AMAT did some Baby Up Stair Steps. Now we are seeing the final Capitulation of AMAT, the most watched stock for guidance in this Bull Market. Because of the Strength of AMAT in the face of worries (real or imagined) in all segments of the Market (Paul V said most Sectors are below the 50 percentile) we should be seeing AMAT among the first to scamper its way Up when the Market finally gets out of its Trading Range. It's just a matter of time...

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