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

To: Gottfried who wrote (19105)	4/30/1998 3:36:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

GM: Agreed re semi-equipment forecasts being as reliable as a long term weather forecasts. This sector seems to trade on perception more than anything else, especially when it is going through a dry spell. I have no opinion of whether Adams, et. al. is correct or not but put I do put them firmly in the minority if not flying solo. My choice of words ("rough waters") could have been improved upon. I don't see a revisit to the lows in this sector. I see a continuation of the trading range with revisits to the lower end (AMAT at $32) to the extent that other houses adopt the perception of a disappointing 1999. Whether this happens or not is anyone's guess.

To: Gottfried who wrote (19105)	4/30/1998 5:30:00 PM
From: The Vinman	Read Replies (3) \| Respond to of 70976

Applied Materials hasn't performed well lately. The market has been strong the last 3 days but AMAT has done nothing. It fails to hold any of the gains during the day, and actually closed below the opening price today. If it breaks support at 35 it could move lower.....its a day trader at the moment, if you want to make easy money, short it during the run ups, and buy it when it weakens, the last couple of days, it has worked like a charm.... Vinman