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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: marc henschke who wrote (31935)8/14/1999 10:47:00 PM
From: Doug B.  Respond to of 70976
 
Is this the time to be shaving $10 per share off of AMAT's stock price heading into earnings?

It is if you're looking to build in a nice 20% short term gain for your most favored brokerage clients...



To: marc henschke who wrote (31935)8/15/1999 1:02:00 PM
From: robert b furman  Respond to of 70976
 
Hi Marc,

Just a note on the well made points on your post.Back on the last week of May and the first week of June I bought some INTC as several BROKERS said INTC's margins would be off as a result of brutal price competition with AMD. INTC gapped up and fell down when multiple guru's gang banged it again with unfounded negative spins.

At times like this you have "to know what you know" and ignore what I call "news pornography" also disgustedly call "noise".

Moments like these are Wall Street's version of a short term "BLUE LIGHT SPEACIAL". My big worry is if I can steal some more AMAT at 67 3/4 just before the market closes on tuesday.I will awake on wednesday with the hope of seeing Mr Rogers talking to Mark Haines in his all but patented confident description of the biggest turnaround the industry has seen.I can here him now "You must pay if you want to play!".

Is this next growth phase over? NO

Do we have a head fake just before we pop over the resistance at 80 - I think so.

Back when INTC was on sale at 50 and it popped up only to bounce off 50 a second time ,I really felt like INTC had scared the brokers who were incorrectly holding shorts, so they banged the stock to cover there bad positions.This is a hideous misuse of there bullypulpit and it would be nice to see the SEC check out their trading action.Don't get me wrong ,I don't scream manipulation theories ,but I get perturbed when these guru's scream wolf two weeks before the breakout to new highs occurs.JMHO

Thanks for your "ON THE MONEY OPINION".

Bob