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

To: H James Morris who wrote (19272)	5/11/1998 4:44:00 PM
From: jtechkid	Respond to of 70976

wait till wednesday or when or if interest rates go to 6.25. as you know i like amat and i'm a long term bull but were in the first phase of a very serious downcycle that should bring amat back to the 25-30 doller range. what is strange in the markets today and what i'm seeing is mutual funds or hedge funds trying to hold stocks up--usually momentum funds. my point is the tech sector very weak and people are pounding amast 37.375 and some account will not move-just got pounded -which is good for the seller. my point if your a smart buyer-trying to get the best possible price- you let the stock come in and try to force the sellers lower. the same thing is happening with the internet stocks because momentum funds are trying to create illusion that these stocks look great technical. the reality is the market never lies and the truth will be told and the stock will go to where it value is. i just think its funny on a cyclical stock with bad eps in the next 12-18 months people try to force the stock higher. i have seen them do it 5-6 times and then the stock drifts back to the low 30's. everybody pounds kurlak-well he called intc right-how about alex brown who started a buy intc at 92. also, solomon his view on semi's and amat is a lightweight or a chearleader.