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

To: marc henschke who wrote (32181)	8/20/1999 2:07:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Marc, Agree with everything you said. What makes the current downturn so painful is that it is occurring while many money-making-less firms(ie nets) are once again sailing along at absurd valuations, while AMAT, a Gorilla in its own right, is languishing at about 20 FY00 earnings. How many companies have NM's of 17%+ and a stranglehold on the sector in which they operate? The only ones that immediately come to mind are MSFT & CSCO. When was the last time either of these traded at 20X earnings???? BK

To: marc henschke who wrote (32181)	8/20/1999 2:10:00 PM
From: Joseph Beltran	Respond to of 70976

mark, thanks for articulating my exact thoughts. I was sitting in front of my screen earlier this a.m. trying to reconcile the action in amat, ter, nvls in light of the action in intc and mu and eventually gravitated to the conclusion which you did. if you notice, the "sell-off" in this sector is on relatively light volume. the volume at day's end will be slightly above average daily volume. on the other hand, intc is advancing at 2 times average daily volume.... regards

To: marc henschke who wrote (32181)	8/20/1999 3:03:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Mark, RE " AMAT is such a beautiful money making vehicle because, for whatever the reasons, the market always responds to it through a series of gross, irrational overreactions that can be exploited by the savvy investor for monster gains." That's the reason why I have only one stock --- AMAT! I buy others, a little, just when I feel like it. It goes Down too often, appears lifeless for a while then suddenly Rises Up without feeling hurt at all! To monitor the Ups and Downs of the stock and to guide me in some short term trading, I devised some YoYo Plays specifically for AMAT. The AMAT YoYo DROP from 79 15/16 is now 8 trading days old. It seems we are bottoming around 62. Should the DROP ends today, I expect to see 76 again for the next 8 to 12 trading days --- for the YoYo CATCH.