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Politics : Formerly About Applied Materials
AMAT 265.39+4.2%3:59 PM EST

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To: Robert O who wrote (30606)5/26/1999 1:55:00 PM
From: marc henschke  Read Replies (3) of 70976
 
To all:

I've been following AMAT closely for several years now, and I've got to say that the price movement on this stock over the past week has been the most perplexing I can ever remember.

After listening to that bullish conference call last week, and watching the analysts dramatically raise their future earnings projections, I thought that the worst case scenario might be a flat stock price if the broader market was to come under pressure. Instead, the stock has tanked 20% on an intraday basis over the past four trading sessions. Incredible.

So what the @*%&! is going on? Who is it out there that has orchestrated this sell-off? Is it particular brokerage houses? Is it particular institutions? What praytell is their reasoning?

Of course, I've learned in the past that in any given year for AMAT there will be at least a few irrational, panic sell-offs that later (and usually only a short time later) prove to huge mistakes for the sellers and great buying opportunities for the rest of us. But nonetheless, I still put myself through this seemingly useless exercise of searching for reasons that oftentimes simply don't exist.

Any thoughts out there? What do you make of this past week?
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