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

To: advocatedevil who wrote (48187)	6/19/2001 3:02:57 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

ad, >if we close at or below the current price of $48.25, we will end up establishing a new lower trading range< PnF followers will see it as breaking through a triple bottom if AMAT hits 48 or lower intraday stockcharts.com Gottfried

To: advocatedevil who wrote (48187)	6/19/2001 5:28:52 PM
From: Jacob Snyder	Respond to of 70976

ST trading: Yes, it is time to be cautious. AMAT may return to the old 40-50 range. OTOH, it may bounce here, after a little fakeout dip below support, and then reestablish its post-4/18 range, with a floor at 50 (I have no comment on 48.25 as support, as I am only capable of thinking in two significant digits, and sometimes only one). The semi-equips won't collapse, as long as there is widespread hope that the semis will see a turnaround in chip demand by the end of this year. If we start getting warnings for 1Q02 results from semis and telcoequips, then support lines will fall on semiequip charts. When do you think the CCs will say, "nearterm our numbers will be worse than imagined, but we expect a turnaround by the second half (of 2002)" ?