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

To: StanX Long who wrote (48962)	7/9/2001 11:50:03 PM
From: Jerome	Respond to of 70976

Chart Concerns * I commented over the week end that this kind of AMAT chart showed up on a dozen different web sites in the past 5 trading days. What I find that is significant are the thread comments about a turn around. Some posters have suggested that the market looks six to nine months ahead. If that is the case then AMAT is in trouble big time. The trend is without a doubt downward. But there are investors that will benefit by this downward trend. LTB&H types that have the resources to buy more AMAT as the price drops will recover quicker. The second group of investors that will benefit are the AMAT employees that are buying AMAT through a company sponsored benefit program. I would say that if AMAT breaks 40 look out below. The comments you hear on this thread at the current time are no different than those heard on the CSCO thread about ten months back. The gorilla stuff, exceptional management, the next big thing, this is a chance of a lifetime to load up, blah, blah, blah. But all that talk about backing up the the truck on the CSCO thread...... Those trucks were riding on Firestone tires. CSCO is now a very subdued thread with only modest postings. That's where I think AMAT is headed. A lot will be clarified when MOT reports this week and NVLS next week. Regards, Jerome