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

To: akidron who wrote (10566)	11/8/1997 11:26:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

Akidron, >>I think that amat will trade around its all time high on the 21st because the story that took it there will have been confirmed.<< Do you really think the funds will make volume purchases to drive the stock to those levels this late in the year? I think not, the market is to unstable at the moment, and if the stock approached its "all time high" there is more than a 50/50 chance that the investors who are holding from the highs will bail out, short term, and wait for the prices to hit their lows for the year after earnings, which would drop the stock price to around my $24 low target.8^) The shorts would have a field day under this scenario, nes pas? Just wishful thinking, so I could load up at the bottom. BB

To: akidron who wrote (10566)	11/8/1997 11:49:00 PM
From: davesd	Read Replies (1) \| Respond to of 70976

Akidron, there was a time when fundamentals ruled...but of late speculation and momentum are playing bigger roles in the movement of stocks. AMAT has not equalled it's best quarter that it had in Feb 1996, yet it's stock was trading over 100% higher just a short while ago. So the speculation was that the semi cap market is booming again...now people are start to doubt that and the stock has retreated. You are right that I am a long term bull on the whole sector but a bear in the short term....however, you never know what will make this stock take off or drop. So at this point I am not sure what the direction of the stock is going to be, but I believe there is a good chance of further decline, however, I would hate to miss any irrational exuberance activity either...hence my hedged position. dave