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

To: Gottfried who wrote (10396)	11/5/1997 9:21:00 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Re Briefing.com and. 12-month target in 46-50 range. Their estimates always seem low to me. Shouldn't that read 12 week target?<G> Brian

To: Gottfried who wrote (10396)	11/5/1997 9:04:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 70976

Gottfried, Kumar, Tito, Big Buck and threaders, I just received the DW data. The NYSE bull % at the end of day Tuesday, 11/4 was 55.10% as compared to 51.10 a week ago. (Remember that it takes 6% to have a reversal up or down on the bull % chart). The otc bull % moved up from 44.70 to 49.50%, the 10 moving average reversed up from 29.23 to 40.86%, the semi sector reversed upward from 20.80 to 38.70%, electronics from 37.60 to 45.50%, oil services from 37.40 to 55.10%. Computer sector moved from 33.10 to 39.00% only 0.10% away from a reversal, and software moved from 31.80 to 36.40%. Utilities are holding up electic utilities at 62.60 and gas utilities at 82.70 up 2.70%. Banking and $$$$$ related sectors appear to have not reversed from where they were last week. IMO, Amat has continued its reversal up from it's recent $30 range to the $40 top beginning what looks as it Tito's stair step scenerio. The bear resistance line appears to be at $47.00, the bull support line at $34. Amat at 37 broke a double top which was at $36. IMO unless we get some major negative event AMat could continue to move upward. With amat earnings coming out on 11/20/97 and Morgan's prediction on CNBC today where will amat go in the future. When we ran the NAIC'S projection we came up with a eps for $3.48. Using an average pe of 25.3 we get a long range Forecast of $88.00. With a high pe of 49pe, the recent high pe, at 3.48eps you have a estimated price of $170.52 by the year 2001. The est. buy range was 18-41.9, middle range 41.9-65, upper range 65.0-$88. Use the above information at you own risk, caveat emptor. No one can predict the future and events which affects the market. IMO, Amat appears to have a great future. Paul V.