Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Trader X who wrote (14925)	1/21/1998 6:35:00 PM
From: stockycd	Read Replies (2) \| Respond to of 70976

You are exactly right! "Technically", AMAT should have spiked today whatever the rest of the market did. It has been over- bought short term, however. I look for a dip maybe tomorrow thru next Tues or Wed. depending on news. Look for the 28-29 support and a run up before earnings. I sold today just as a lot of other people should have done. Review Jacobs' posting #14855. I think he is on target.IMO.

To: Trader X who wrote (14925)	1/21/1998 7:18:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

KH, If my personal method of TA analysis follows the recent history of AMAT trading the stock is in its' 5th day of an 8-9 day uptrend. The volume is picking up as we approach q1 earnings report on Feb 11, which indicates the funds are starting to buy in and are favorable in their opinion of AMAT. The high today was $33, IMO if the stock closes above $33 this week then I anticipate we will see $36-39 by earnings, unless there is some warning by AMAT or some unexpected bad Asian news to compromise the "trend". FWIW, I love this chart you posted previously, it provides very good predictability, IMO. chart2.bigcharts.com Regards and good Investing! BB