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

To: Return to Sender who wrote (64773)7/9/2002 6:54:57 PM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
RtS, back in Jan. a Mr Neff said in Barron's he was short AMAT. The stock was around 22-23 then. He cited valuation.

Sure, valuation was high and had been high for a year, but I thought the Market had gotten used to it. Now they've changed the rules.

The other reason we didn't believe him is that bookings were expected to pick up, and in past cycles increased bookings and price went together.

Gottfried



To: Return to Sender who wrote (64773)7/9/2002 6:55:59 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 70976
 
>> analyst that recommended shorting AMAT and why didn't we think he was right?

That was John Neff in the January Barrons. I think he said that he was a 3-D person. That is 3 down years in a row. If you recall, early in the year it was a source of comfort that there have not been 3 consecutive down years in the market for the past 70+ years. Hence his identifying himself as a 3-Downer.


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