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.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (8321)	12/15/2003 7:04:58 PM
From: Fred Levine	Read Replies (4) \| Respond to of 25522

Brian--I'm perplexed by the recent decline of AMAT. Altho I did sell some calls at 30 because it did get ahead of itself, I expected it to be above 26. One reason is that foreign money is avoiding dollar denominated investments, and they've been right. The Euro is now at 123, and it was at 89 about 3 yrs ago. However, the same weak dollar should accelerate sales and profits of AMAT and other global sales firms. When the dollar begins a slow appreciation--which, IMO, is imminent --we should see a swift price recovery of US stocks. fred