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

To: BOGEY who wrote (13136)	12/12/1997 2:55:00 PM
From: Lee Penick	Respond to of 70976

Bogey, you caught me, that is the hard part to tell/predict. I don't agree much with people predicting the highs and lows, especially based on past charts and past information. Past info is supposedly priced into the stock already, future price changes should be dependent on "new" information that affects earnings. I do feel that the current P/e of 13 is pretty low and feel good buying here. But that doesn't mean it can't go a bit lower. That's one reason I like to sell Puts to get an even lower price, or at least keep premium. Short term, it's been a real butt slammer, long term, I think we're golden. I can't even begin to imagine how silicon will impact our lives in the next 10 years. Intel is planning a lot of neat stuff, and they are getting slammed currently too. ITS A CHRISTMAS SALE. MERRY CHRISTMAS!