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

To: Lucinos who wrote (32386)	9/4/1999 12:09:00 PM
From: Tito L. Nisperos Jr.	Respond to of 70976

Lucinos, I told this Thread many times how sometime in the Bull market of 1995 I Agonizingly Watched AMAT climb from 63 to 120. I'm still shaking my head about that lost opportunity for profits just because at that time I was a strong follower of PEs and Charts and do not have my own investment "formula". Looking back at historical prices in 1995, I found out that in the first half of May the stock hovered around 63, then on the day the company Released its Earnings on the Third Tuesday of the month that is May 16 --- the stock reached a High of 70 1/4. The following day it Gapped at the open at 75 1/4 (the Good News you mentioned probably Sparked the Rally) and from there on it continued its meteoric rise to 120 in Three months. The Analysts Salomon S.B and NeedHam did Not do a good job for the Bears in leaving the Badly Beaten AMAT still breathing at 62 1/4. A Bedaker guy (probably the same Bedeker in salomon who have Beaten AMAT the other quarter) was on CNBC the other day when the stock was at 74 Mumbling something about AMAT being a TERRIFIC company but mentioned some plateau and the stock is going to trade from the upper 50s to 75. Because he mentioned AMAT as TERRIFIC, his followers misunderstood his Mumblings and probably bought AMAT yesterday to help the stock reach 77 1/2 breaking his 75 ceiling and causing his Bear followers who failed to Cover --- sleepless nights the rest of the Labor day weekend.