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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Rillinois who wrote (5766)	7/8/1998 7:10:00 PM
From: Justa Werkenstiff	Respond to of 42834

Rillinois: Oh, I get it. A new PR campaign to show you are something more than just a Brinker basher. Well, good luck. Maybe someone will bite. Time will tell all.

To: Rillinois who wrote (5766)	7/8/1998 7:24:00 PM
From: Alan Whirlwind	Respond to of 42834

I'm looking awfully close at Applied Materials (as talked about on Sunday's show). But it fell another 1 7/16 just today. --Alan

To: Rillinois who wrote (5766)	7/9/1998 2:25:00 AM
From: Math Junkie	Respond to of 42834

*OFF TOPIC* If Applied Materials comes out with an earnings warning, then we could see these stocks go lower, but whether Applied will break down below its prior support levels is anyone's guess. It has not reached its historic lows of P/S ratios in the 1.0 to 1.5 range, but when you consider the P/E on the S&P 500, I don't know that we can expect it to. Brinker mentioned last weekend that the S&P 500 P/E is 50% higher than it was two years ago, and I think the valuations of this group should be measured in relation to the S&P. In summary, now is probably not a bad time to buy this group, but I don't think anyone can guarantee that it won't go lower.