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

To: Henry D who wrote (57226)	12/12/2001 9:19:36 AM
From: advocatedevil	Respond to of 70976

Henry, I think a 10% to 20% pullback from here is likely. We could easily get most of the first 10% at any point here and still maintain the recent upward channel. Flattening into a near term trading range in the low $40s (39/46) could also be in the cards. If that were to breakdown, another 10% would be reasonable. Valuations remain very high IMO, and need to be supported with frequent indications that the semis are pulling out of this funk. It appears to me that normal seasonal growth is being overblown. Let's see how things look in January. AdvocateDevil