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

To: Jacob Snyder who wrote (63831)	5/16/2002 3:29:57 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Jacob, I have been surprised that AMAT has not pulled back today prior to options expiration tomorrow. However, with bookings coming out tonight, I believe, we could get some idea what will happen. If bookingws are up we could see some further gains before a pull back. Will it break the 27.5 or post split of $55 we see probably see tomorrow. However the max pain is $25. Will the market see AMAT's glass half full or half empty. IBD has the overall rating at 51, EPS at 29, RS at 61, Industrial Group Strength at a B, Sales/Profit Margin/ROE a C, Accumulation at C+, and Sponsorship at E. Since I do not remember AMAT splitting this early we have an unknown item to consider. Will the normal person see AMAT being a good buy at this time. During the last two cycles AMAT appear to hit its tops in Sept/Oct/Nov. But in the last upcycle it kept on running up in to its $230 presplit price of the cycle. The DW SEMI sector has moved up to 52% on the bell shaped curve. Normally, when it reachs this level off the lows it moves on up to the overbought area of 70% plus. If the sector moves up then AMAT will probably will follow. Even our CSCO us holding up. Qcom even appears to be holding its own. But the last 30 min. is upon us. It will be interesting. Just my opinions. Paul