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

To: Big Bucks who wrote (15404)	2/3/1998 8:46:00 PM
From: Proud_Infidel	Respond to of 70976

From Briefing: We're sounding like a broken record but this group just keeps on climbing... Up almost 4% in Tuesday's trading alone... Now the top performing S&P sector year-to-date... Group underpinned by news that Morgan Stanley started coverage with a buy rating... Prudential also initiated coverage of Intel (+3 1/4), LSI Logic (+1 13/16), Xilinx (+3/4), Lattice (+2 5/16), Exar (+1 1/4), Altera (+2 1/16) and Benchmark Electronics (+1/2) with buy ratings... Started Atmel (+11/16), Anadigics (+3/16) and Advanced Micro (-1/16) with hold ratings... Proving that it has nothing against the first letter of the alphabet, Prudential named Altera to "Single Best Idea" list... More good ratings news from BA Robertson Stephens and DLJ... Former complete run... One look at chart of sector shows that industry is prone to big swings in both directions... Pendulum back on the started VLSI (+3/4) with l/t attractive rating... Latter upped its view on Intel to buy from market perform... Chip giant surged 3 1/4 and is now a few points from key resistance at 90... Break of this ceiling would position stock for test of its all-time high at 102... With industry up over 20% off its recent lows, look for continued near-term gains as fence-sitters jump in for fear of missing the upswing... However, Asia could still come back to bite group in the backside particularly if either Hong Kong or China devalue their currencies. These guys amaze me....or should I say perplex me. They upgrade INTC and many others after they rise 20-30%. I guess we'll see the Strong Buys come out en masse after another 30% rise<G> Regards, Brian