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

To: Ed Stern who wrote (13196)	12/13/1997 9:42:00 AM
From: Jeff Sutton	Read Replies (4) \| Respond to of 70976

What you're missing is that investors don't like this stock right now ... so why fight the tape? Long term, of course, everyone agrees this is a bargain price, but no one knows how long term. I thought 32 was a bargain last week, and now I'm staring at a 20% loss. The fear and panic surrounding this sector right now is intense, and negates the good fundamentals of AMAT. I have no idea what this stock will do next week, and I wouldn't trust anyone who claims to know, but it wouldn't shock me to see it drop a few more points. Personally, I'm hoping for a bounce next week so I can get out at a respectable loss, and then put my money elsewhere. Good luck whatever you do.