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

To: Jeffrey Thompson Hunter who wrote (14946)	1/22/1998 5:20:00 AM
From: Wildstar	Read Replies (1) \| Respond to of 70976

I don't mean severely overbought in terms of medium/long term price. I mean severely overbought in terms of very short term momentum. I know that the NAZ is off its highs of the summer. And this is due to long term fundamental questions about earnings, Asia, deflation, yadda yadda yadda. I just believe, IMHO, that in the next couple of days (3 to 5) there is going to be a substantial selloff and that AMAT will get caught in the tide. Realize that I am a big fan of AMAT long term - great company, leader in the industry, strong management, R&D,... But a long term rise is not going to happen until the fundamental situation clears up so I am trying to take advantage of short term oscillations to make a few bucks in the meantime. Good trading!