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


To: orson sanderson who wrote (9416)10/24/1997 12:42:00 PM
From: hairuo  Read Replies (4) | Respond to of 70976
 
AMAT, A BUY:

For today, there are already 35M shares of AMAT have been traded, and by the end of the day, it will reach 45M shares, which is amost 1/9 of its total outstanding shares. And the PE ratio now is 30, which is more reasonable. I think it is definitely a buy chance around here. Just hold for 6 months to 1 year, it will double.

For a fundamental company like AMAT, lose 40% in one week, that is ridiculous. My guess is that USB is buying most of AMAT now.