Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jacob Snyder who wrote (54170)	10/15/2001 8:07:15 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

Bookings have been flat for some months now. There were industry concerns expressed that levels could go lower if customers continued to operate at low capacity. I'm sure that the month of September did not help NVLS' orders or any company's orders. AMAT went to $27 because of 9/11/01. I have been playing for lower prices all along and I would not be surprised if AMAT goes to $20 - 25. On the other hand, I would not be surprised if AMAT doesn't get to $27 again. There are many ballparks that AMAT is measured against and there is a large dash of sentiment in the price. I believe we are in an area where the risk/reward for AMAT purchases are reasonable and we can't forget that there are VERY FEW companies with AMAT's quality. Lighten up, but be prepared to chase on the upside if you get too light. Volatility is so great, that a large up move with all the earmarks of a bear trap will likely mark the beginning of the next bull move.