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To: Andrew Vance who wrote (10270)12/10/1997 1:22:00 PM
From: Trader X  Respond to of 17305
 
Glad my open order on AMAT didn't go through a couple weeks ago,
when it hit 32 1/8. My order was set at $32 even. Yesterday I cancelled the open order because the pattern wasn't shaping up the way I'd expected it to.

Now that it's under 32, I'm looking for it to retest $30 and dip below that mark.

This expectation is not a condemnation on the long range value of the stock, just a short term viewpoint. In otherwords, I wouldn't buy it on today's weakness.

-Kevin