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

To: akidron who wrote (10655)	11/10/1997 3:35:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Akidron, Tito, Kumar and All: What are your predictions as to what AMAT will be trading at Nov. 21st? My guess is that we'll see the 40 line broken. Any other thoughts?

To: akidron who wrote (10655)	11/10/1997 8:51:00 PM
From: Steve Byers	Respond to of 70976

Agree with your comments on the Cowen downgrade being related possibly MORE to the macro issues than the stock itself... but it could get dicey here... and THAT can often be the time to really get something cheap (possibly)... bought nov 35 calls this afternoon and some more of the stock... but prepared for it to fall further with nervous markets and room to buy more still... dumped some intel and compaq today to make room if applied falls further... and dumped all of my aol on the price run up last week with earnings announcement giving me more room for amat... my bet is that it will fall further, but will tick up near 40 at earnings... and I'll sell my calls and hope to buy in again a few points lower in the following week as I really think the markets are still due for correction... will hold onto the underlying stock in case I'm wrong, and just sell the calls... who knows... best of luck