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Politics : Formerly About Applied Materials
AMAT 251.06+3.6%2:27 PM EST

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To: Tony Viola who wrote (30337)5/18/1999 11:57:00 PM
From: Sparky65  Read Replies (1) of 70976
 
I am a holder of AMAT stock and have been for a while. Like it a lot. In fact, I bought as much as I could last week in the $50's. The reasons are these:

I did'nt really care what the numbers were today. I figured that they would suprise on the upside. I have been looking at the 2-3 year period for this stock. If you look at stocks like LSI, XLNX, etc.. you will see that they are moving to new highs. The equipment stocks always lag the chips in their move upward. Also, this type of movement in AMAT is typical of the past. You look one day the stock is at $50, you look again in the near future, $100. The long term fundamentals of this business are very strong, and I believe that it is a "No Brainer" that it is a buy right now. I wish I had more money available to buy more. I believe that AMAT will be trading at $100 by end of July.

I believe that we are still in the beginning stages of the largest bull market for chip and chip equipment stocks and you can try to time to tops and bottoms in the short term. But, you will probably be wrong.

Buy and hold this stock, great company, management and fundamentals.

For what it's worth.
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