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

To: Big Bucks who wrote (13390)	12/15/1997 4:30:00 PM
From: gambler2	Read Replies (3) \| Respond to of 70976

On a serious note, has there been any bad news released afte theb ell by any companies. I can't seem to find any(always a good sign)? thanks...

To: Big Bucks who wrote (13390)	12/15/1997 8:39:00 PM
From: 16yearcycle	Respond to of 70976

BB, Your bottom target is significantly higher than mine. In previous years lows, amat has sold as low as 2x book, 1x sales, pe of 6.7( but more like 10x average). As I said yesterday, those ratios get us all the way to 14-19, at least.However,I would also note that these lows were usually final plunges that were brief and 10% below a previous price plateau. Furthermore, when did we last have bond yields below 6% and staying there? All in all, I get a POSSIBLE target of 14, a probable shot to the low 20's. Do you not think we will hit 20-22? I'm considering tweeking my plan to allow for entry points at each dollar hit, so I don't wait for a price,20, that never happens. Gene