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

To: Proud_Infidel who wrote (32207)	8/21/1999 11:33:00 AM
From: William Griffin	Respond to of 70976

Was looking at the chart for AMAT and noticed how similar price action is now compared to after last earnings. Down from about 66,67 on earnings day to around 55 in two weeks. Two weeks later it was testing its old highs (about 70 at that time) and then on to new highs in July, only a month or so later. The drop was caused at that time by the now infamous "SSB report" that predicted a slowdown for the last half of 99, then strong rapid growth again in 2000 (gees, that's only four months). I have not seen any reports that dispute this growth predicted for 2000, which was outlined really well in the conference call by the company. I'd be willing to bet my mothers cat that we see the same pattern this time. I'm even more confident now that Kumar is back in amat on this dip. <g>