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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (5563)	5/27/1998 10:57:00 AM
From: Proud_Infidel	Read Replies (3) \| Respond to of 10921

Everyone is taking about AMAT going down to '96 levels- I just do not see it. IMO AMAT hit their low(barring bad news above and beyond what is expected) last December when 30M(?) shares were traded in a single day and it dipped into the mid 20s. The time to buy is when people are getting rid of their shares w/o regard to price on heavy volume- they simply want out. The chance of this occurring again is slim unless there is an overall market meltdown and we once again get panic attacks on the part of MM's. But again this is unlikely to happen since many MM's have parted with their shares already. Justa has posted several pieces of info that show MM's were net sellers of ~55M shares of AMAT for the Feb-April period. That is 15% of outstanding stock. AMAT is grabbing share from competitors- now the leader in CMP? and cutting costs as we have just seen with the workforce reduction. When news of workforces reduction hits the wires, and the stock is little changed, it is already in the price. Brian

To: shane forbes who wrote (5563)	5/27/1998 12:13:00 PM
From: Investor2	Respond to of 10921

Re: "When (If? I gueess to be fair to the bulls) AMAT finally goes down things should be really interesting for the smaller semis since many smaller semi-equips have already been eviscerated. Really intrigued to see how this all plays out." The phenomenon you mentioned (smaller companies faring worse than larger companies) has not been limited to the semi-equip arena. Year to date (as of last Friday), the Russell 2000 small cap index is only up about 6%, while the S&P 500 is up about 16%. I agree that it will be interesting to see how this plays out. Best wishes, I2