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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (92)	2/9/1998 4:44:00 PM
From: Wayners	Read Replies (2) \| Respond to of 927

Sure AMAT. Now thats a genuine white knuckle stock. Earnings tomorrow. Seems to me last time they reported they beat the number by .05, stock shoots up in first 30 minutes and then SELLS OFF BIG TIME. I think their earnings will be fine, it will sell off to $32.50 and then the buyers will come out of nowhere. (Risky prediction/wild ass guess.) I'm just guessing. I'm NOT advocating a play on it yet.. The difference between this earnings and last earnings is the trend. Last quarter the trend was down. This time its up which will help hold up the price. Don't see a bottom (change in direction) on 5 day stochastics yet so I expect tomorrow to be a down day and probably Wednesday too. I'd be a quick buyer next time the 5 day stochastics shows strength (i.e turn around in the up direction). Its a no play until earnings are over and we see the market's reaction.