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

To: dr_elis who wrote (17145)	1/12/2006 3:36:14 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

I am not sure, but is 3.1X sales a "peak multiple"? Certainly does not sound like one to me.

To: dr_elis who wrote (17145)	1/12/2006 4:29:47 PM
From: etchmeister	Respond to of 25522

I don't follow that closely but there seems to be quite a spread over the last 5 days - Cymer should be somewhat helpful to "calibrate". There's also a difference between chasing and selling. The 12 Euro target seems to be kind out of line - almost like Fitz $14 target for AMAT. We seem to always try to make a correlation between upgrade/downgrade and how stock price reacts to call. It's human to search for a reason. I think many times it's random how stock price reacts to an upgrade or downgrade. One can always come up with reasons for upgrade or downgrade - "slowing order growth" seems to be the favorite for sell side guys. ABN projects 24 months down he road but was unable to determine short term demand until now. I don't think this helps - ultimately you have make the call. Though I try to avoid trading I decided to establish a trading portion while keeping the core to take advantage of short term up and downs. Unless you have sniper skills like sixtyseconds a shotgun could be very efficient as well. finance.yahoo.com