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

To: Proud_Infidel who wrote (14439)	1/12/1998 10:56:00 AM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

Brian, I expect the January Effect to kick in starting this week or the next week as funds see terrific values in the markets. Selective stocks should benefit greatly, hopefully AMAT should be one. I'm still projecting around $36 by 1st Q earnings announcement. Asian markets should be near their lows, IMHO. Japan, however, is the key, I'm expecting some more failed banks or investment firms to be announced in the next month or so. I believe that we are getting close to the Chinese new year and may have some bearing on why Asian stocks/markets have been performing so poorly recently. Kind of like our end of year close out of the books that we suffered thru in Dec. Almost pulled the trigger this AM but decided to observe some more and wait for INTC and MOT and others to "give guidance". If INTC is even a bit positive we wiil see a tech rally, IMO and AMAT may go to $30-31, if INTC is flat or negative then maybe AMAT will go down $1-2 from here, but I think we are very close to a bottom for AMAT at this time for the next 9 months or so. Good Investing and Go Bronco's, BB