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

To: Michael R who wrote (9993)	10/29/1997 4:47:00 PM
From: akidron	Read Replies (4) \| Respond to of 70976

GM posted an opinion that resistence was at 37 and 40, and now it has become a fact. the resisatance imho is right here. it is the resistance caused by a bunch of institutions that sell into every spike to protect gains. i am long cheaply. but there is a swathe of opinion that does not agree with me or tito or kumer. these people ranging from sceptic threaders like dave dihllon and pros like kurlac believe, that the are substantial risks to amat right now, like the dram price declines; like the currency mess over in asia, and they are right. i have said before that it is obvious from tito's posts that tito is a long term and very confident bull. others that trade short term are right to have concerns, and what's more their concern is useful to us because we can predict by it how a portion of the market will react. i think that there are stratigic reasons why amat will continue to see strong order growth and belive that 55 - 60 could be seen this month. i have explained them in previous posts. I am therefore long. I think that the stock will run up before the earnings and again after them - the day after. I think it is a decent short term bet. one of the best in the market right now. I think that the november 37.5's offer decent value, volitility considered. However I am a trader that has lost and can afford to lose again. tito will not lose, because tito's view is sufficiantly long term. if you are in between this is not the stock nor the time to be in the stock for you.