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: Proud_Infidel who wrote (18107)	3/23/1998 9:46:00 PM
From: jtechkid	Read Replies (2) \| Respond to of 70976

QNTM also pre announces misses the street big time-24 cent estimates-come in breakeven-stocks down 2.5 aftermarket . PRI AUTOMATION is a good lesson -last quarter that did 3o plus cents but said visibility is unclear right now. now they come in with 5 cents. my history with semi's as i have stated is when you hear the ugly word visibility is not good its a hint that eps will not be good. again, i like amat but i'm short now and will be gladly buy it in the 25-28 doller range. the stock will probably go then to 22 as usually their is a panic when people realize 1998 could look like 1996 or worse. if people buying amat believe the brokerage house or believe amat numbers are solid then they will be the ones to panic in a selloff. again, no reason to buy sem's at this point its just a suckers rally in a downturn. i have never seen worse numbers in technology in relations to estimates in my 10 years in the business of investing. the key is to short when estimates from firms are high and optimistic and to buy when the street has thrown in the towel and estimates are easily beatable. no way i believe amat comes close to estimates i don't care how big they are -technology are involved in a food chain and right now basicly no one is doing good along the chain.