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

To: Big Bucks who wrote (12940)	12/11/1997 12:45:00 PM
From: Jack Kunkle	Read Replies (2) \| Respond to of 70976

Back during the dark days of July 1996 AMAT bottomed at $10 7/8 or more importantly 2.3 X Book Value. If this was to be repeated then the bottom would be $15.00. Regards, Jack Kunkle

To: Big Bucks who wrote (12940)	12/11/1997 5:14:00 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Questions to focus on: 1. Is this the bottom? 2. How long do we have to accumulate more shares before the upturn? That is, what signs does the market need to see to signal an upturn? I just hope this downturn lasts till January 2, so I can sell my stocks that are up 50-70% in 1997, pile it all into AMAT, and not pay taxes till April 1999. Right now, I have no extra cash to buy, and am margined as much as I feel comfortable with, but am nowhere near a margin call. I started buying too soon in this downturn, at 34. It was undervalued at that price, but I forgot that when AMAT goes out of favor, it gets driven far below any rational valuation. Oh well, those shares bought at 34 will make me a lot of money when I sell them after another two or three stock splits. Earlier, I posted a list of how you can lose money in AMAT. I'll re-post my revised list: 1. play complicated short-term option games. 2. get margined too much. 3. following the trend. 4. following the analysts. 5. not sticking to your long-term plan. 6. guessing and hoping. 7. thinking you know more than you really do.