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

To: Martin A. Haas, Jr. who wrote (9292)	10/23/1997 8:57:00 PM
From: Proud_Infidel	Respond to of 70976

With the drop we've had, I don't think we'll be retracing our way back into the 50's anytime soon. At this point, investors are skittish about the techs. There have been earnings shortfalls and some negative news lately about equipment growth going into 1998. AMAT will not have any serious rally until after its CC and its projections for '98. Stocks that fall 30%+ percent rarely rebound without some significant news to propel them forward. It's all in the call. Here's hoping for a good one on the 20th- we need it at this point. JMO Brian

To: Martin A. Haas, Jr. who wrote (9292)	10/23/1997 9:03:00 PM
From: Big Bucks	Respond to of 70976

Martin, Almost the same scenario played out in 1987, the foreign investors came in and American investors took the profits and left and the world wide markets were in turmoil for months. Gold was a good hedge though and it is cheap, but will likely go up since it is a good protective investment at these prices. BB

To: Martin A. Haas, Jr. who wrote (9292)	10/23/1997 9:18:00 PM
From: Iceberg	Respond to of 70976

> AMAT and the market is going back up. Marty, Excellent assessment. IMHO, you are 100% correct. However, after looking at today's market action, I wonder if cool heads will prevail. I certainly hope so. Ice