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

To: akidron who wrote (19909)	6/4/1998 3:43:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 70976

(AMAT not cheap just within the buying range) Not saying AMAT is cheap. Just saying that at 32 you can put 10%, 29 15% and so on. It is going lower - how much - I don't know - no crystal ball... Theoretically it all depends on when the business upticks. I like the argument of a small uptick around Q4 and a much bigger uptick around q2 next year. The thing that is buoying the stock is a lot of hope - much of it unwarranted. We ought to see mutual fund dumping at some point - esp. at quarter's end I would think. So gist is AMAT is going lower - I think 24-26 is well within reason - I've said worst case 18 - regardless it will sit at its low +10% for at least 4 weeks or so basing. That will be the time to buy as far as a lump sum is concerned. shane.