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

To: Gottfried who wrote (18516)	4/3/1998 10:00:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 70976

GM I already own May puts in AMAT & INTC & KLIC....These are the only puts I have, in fact i was thinking about the SOX, I might jump in here on MON, the May 300 puts...look at the stocks in this index, and you tell me<g> KLIC just WARNED BIG, they are a real barometer of this sector, a world leader in the backend...AMAT will miss big IMO, and warn about the next 2 Q's...Watch GM see if I'm not right... As for INTC, i feel there was a series of events that took place just in the last week, that alerted me to impending doom... First was the resignation of Grove, but at the same time to soften the blow they announced simultaniously the purchase of 100 million share by back program...Think, what would have happened if they JUST announce Grove resigns, HUH??? Then they go to ASIA and start talking about all the $$$$ their going to spend on CAPEX, buy this & buy that...But then they CANCEL a big order from KLIC???? Not a push out here, an outright cancel!!!! No GM something is amiss, I don't know what it is but I bought May 75 puts just for a trade...If they miss and warn we will se 64-65 fast, and it will take AMAT-KLAC-KLIC-NVLS-ASMLF etc etc, with it...right down the tubes...in fact it's seems that the timing for that event to happen would correspond with a minor 5-8% correction we so desperately need... Of course this is JMO.....:>} I have been known to be wrong!!!<g> I feel this sector will lead the market down, because they are the weak sisters of the stock market...What people are going to sell PFE??? AOL??? LU??? GE??? NAH!!! Let'see what happens huh??? my Regards, Jerry