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

To: advocatedevil who wrote (51325)	8/31/2001 4:11:58 AM
From: StanX Long	Respond to of 70976

Wow AD. This is almost overwhelming. That would be true if I did not know many of these companies, and I still see the biggest effect being in Japan, which we already agreed that it was about time. Is NVLS or ADE a big surprise ? :0( Stan

To: advocatedevil who wrote (51325)	8/31/2001 12:37:10 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

ST trading: The chart pattern for AMAT actually looks very bullish. We have a pattern of higher lows: 34 in 12/00, 36 in April, and 38 in July. Other than the brief dip to 38 in mid-July, the stock bounced at 42, many times, in July and August. The stock has gone 8 months without setting a new low, forming a solid bottoming pattern. The Nas is now just 10% above its lows for this bear market (so far, 1620 in April), while AMAT is 24% above its previous lows for this bear market. This indicates that the Nas would probably have to go well below 1620, before AMAT takes out 34. For a ST trade, going long at 42, and selling at 50 or even 58, is reasonable. I would not short AMAT, even at 58. I would not hold any short position in any semiequip, into the BTB report, as a continuing uptick in bookings could abruptly send all the semi-equips soaring.