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

To: Proud_Infidel who wrote (18124)	3/24/1998 2:00:00 PM
From: jtechkid	Read Replies (2) \| Respond to of 70976

i still think its a suckers rally. pri automation i know the company well estimates this year around 50cents, their lucky if they do that with a multiple of 54 and their management was still vey cautious. what is strange is if i'm a buyer of techs for the long term their is no reason to be aggressive at this time. qntm said don't expect a uptrend is eps for "at least" "minimum" september quarter which probably means in 1999. i have not heard one management say they see the bottom in site and valuation in my estimates are way to high. the big positive is the market and liquidity seems unberlievable at this moment. conversely, to buy stocks simply because"at the moment" demand is strong or liquidity is usually investment suicide. i'm more concerned with micro factors in these companies which right now is negative. macro factors are very strong but noone ever predicts them correctly. if macro factore were to change-inflation,interst rates, asia,russia, it could shave valuation dramatically and quick.