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

To: akidron who wrote (20006)	6/8/1998 2:56:00 PM
From: Big Bucks	Read Replies (3) \| Respond to of 70976

Aki, There will have to be downgrades by "all" of the major analysts on the entire semi sector including the chip manufacturers and the equipment manufacturers coinciding with the dumping of shares by the funds. When we are up to our knees in blood (somewhere in the low $20's, IMO) or roughly 1/3 lower than todays price investors should start buying for the long haul. Seems like the lowest PE that I recall for AMAT was around 9 and was a screaming deal somewhere back in the 80's. I consider a PE less than 15 a buying opportunity. If we see a PE <12 I'll be in 100%, waiting for the turn-around. 8^) Still have the guns loaded and primed, swinging the ship around lining up for another broadside. Lots of dry powder remaining, will aim for the sails this go around and will then take additional broadsides as the fat galleon flounders out of control. Waiting for the opportunity to come along side and board her. This one is fat with booty and prime for the taking. Ahoy, matey!! (Man I should get a life, I think I'm hallucinating!) 8^) BB