Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Andrew Brockway who wrote (19915)	6/4/1998 5:19:00 PM
From: jtechkid	Respond to of 70976

tthe last six months have been great example of value versus growth or momentum funds. right now value funds are buying semi's but their patience buyers that want the stock to come lower while growth or momentum funds or people that pound stocks are blowing these stocks heavy because it looks like dead money going into the summer. its a great example the two types of investors. amat looks ugly. their is a lot of rumors floating around about pre announcements. i still like klac and ter alot but i think amat is overowned right now by the wrong investors and it will take little more pounding. almost every semi has broke their 52 week range but isee amat bottoming around 25 dollers. why? it a blue chip semi's that according to dorsey wright is way oversold so at some point this is the one big money will buy. just think, every long had a chance had to blow amat at 39 but kept staring at the market as i stated number of times that their is no excuse their was hundreds of warning sign that these stocks would get hit but everybody keeps staring at the stock screen and nobody should complain because frankly you deserve it because you were not rational.

To: Andrew Brockway who wrote (19915)	6/4/1998 7:48:00 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 70976

Andrew Re:I don't think the volume that we've seen the last 10 days has been "fund" volume. When we do see fund activity again, it will most likely be on the buy side since many of the funds have already dumped their shares. Justa found some info on one of the larger tech funds(Fidelity Select Elec??) and found their % of semi-equip holdings dropped from the mid teens to about 1.2%. They only have so many shares left to sell. Ask Justa for the link; I am not sure when it was posted. Re: the MOT pre-announcement I'd be surprised to see them not warn. They have history of this. How many consecutive qtrs is this? At least AMAT can claim cyclicaity and overcapacity as their nemesis. What is MOT's excuse? BK

To: Andrew Brockway who wrote (19915)	6/4/1998 8:58:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 70976

Andrew: The volume is currently consistent with the scenario I described for the March - April time period. Moreover, I do not recall Morgan doing a jig during the cc while singing "sunshine is right around the corner." In fact, I remember quite a somber forecast of limited visibility. At no time did AMAT say there would be sunshine in early 1999. AMAT management put out the scenario of an order rate bottom not until the second calendar quarter of 1999 as a distinct possibility. I guess that is one reason why AMAT may have dropped around 30% since that cc. : )