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

To: Jacob Snyder who wrote (51347)	8/31/2001 2:36:15 PM
From: Math Junkie	Read Replies (1) \| Respond to of 70976

The upcoming Global Sales Report for semiconductors is also very important.

To: Jacob Snyder who wrote (51347)	8/31/2001 11:02:43 PM
From: advocatedevil	Respond to of 70976

ST Trading: RE: "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." Jacob, the 42-to-50 play does appear reasonable, however it's a risky time to trade. The market is already on edge and we have the Intel mid-quarter update Thursday afternoon which has the potential to whip trading in either direction. As for shorting AMAT, well, I'd like that opportunity at 50. If I do get any chance in the near-term, I suspect it will be in the high forties at best. I doubt we'll see any significant uptick in bookings. I assume you read the Lam press release tonight. They attempted to sneak in a piece of bad news on a holiday weekend Friday after the close. I guess they thought we might not notice. AdvocateDevil