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

To: Tito L. Nisperos Jr. who wrote (19374)	5/13/1998 1:33:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 70976

Tito,>Can you believe it? CEO Morgan and AMAT only meets their expected EPS of $0.37 and with a uncertain and/or poor earnings forecast for immediate future quarters but with what results today. Today, AMAT reverses up and forms a triple top when it hit $39+ with high volume of 12+ million at 1:23 pm EST. When it hits $40 it will have broken the DW triple top of $39 as you stair step is in effect. It appears that with AMAT Wall Street just increases the PE on this stock raising its price. To me, it is hard to believe it--but it happens. Just like the last up cycle. Trying to time this stock is extremely difficult. I am letting my DW SEMI sector charts based on past market placement determine my selling. I will be posting the DW Bull percentages as soon as I get them posted on my spread sheet and sorted. Just a note--the DW Bull Percentage of the NYSE has now reversed downward from its high of 72.60 on 4/14/98 to 65.70 today. IMO, 50% or lower here we come. Just my $0.02. Paul V.