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

To: jtechkid who wrote (20308)6/13/1998 1:08:00 PM
From: Laker  Respond to of 70976
 
jtechkid and all: I have been keeping advance/decline figures for the NYSE for the past several years. About three years ago, a tech support person deleted the program and all files and I had to restart. That was 832 TRADING days ago, or about 156 weeks. This morning when I plugged in yesterday's advance decline, I had to adjust the column width for the 50-day (+/-)trend because it is now negative in excess of five figures, i.e., we are below negative 10,000.

This gives some support to what I said yesterday (when I thought AMAT would close under 26): the overall market is weak. The trend is down. If you want to buy now, you are fighting the trend.



To: jtechkid who wrote (20308)6/14/1998 9:31:00 PM
From: Taby  Respond to of 70976
 
Jtech,
I have always been bullish on AMAT long term, however, I got out at 39 because I believed the stock will not go anywhere short term and it turned out to be a good decision. I still believe the is no reason for AMAT to go up in the next 3 months and if it goes up a few points it is because of traders actions and will quickly come back. I will buy AMAT again after it becomes stable and based on the recent news I think that will happen between 20-25.


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