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

To: Dr. Bob who wrote (21243)	7/9/1998 12:27:00 AM
From: Les Paul	Read Replies (1) \| Respond to of 70976

To All AMAT fans... I'm new blood around here,but I have some news that may be of interest to those bulls out there. I have a good friend that is a broker for Edward Jones, and he had the following to say about AMAT: After sitting down with the directors of Applied Materials, Edward Jones added them to their strong buy list. Jones doesn't publicly set price targets, but I was given an insight of around $40 by the end of this year. Applied Materials predicted strong growth, so I don't know what is causing the downgrades. If you don't know it, Edward Jones is a very conservative brokerage, so I feel very good about the information that he gave me. Personally, I have been short term trading the stock for the past few weeks. I feel that the price decrease today after the open was simply profit taking by those that bought in around the $28 range. I think that you will see a rise to the mid $30's before earnings, and then as always, the results will dictate the direction from there. It feels good to be on board.

To: Dr. Bob who wrote (21243)	7/9/1998 12:50:00 AM
From: Robert O	Read Replies (1) \| Respond to of 70976

You said: "IMO, there isn't a chance for this sector to take off for another 6 months (or longer), so there is no risk to waiting. The contrarian view is that the time to buy is when everything looks bleak, but sometimes, things really ARE bleak!" I concur, "Sometimes a cigar really is just a cigar" --Dr. Freud If not for insane recent summer tech rally I think we would have already seen AMAT down sig. further than 30. The confluence of neg. items grows too great. Any slip in NASDAQ and flood gates will open. As of this post Hong Kong NIK down 1% mid-day. Lately, there has been a VERY high correlation b/t NIK and NASDAQ. Tomorrow may be harsh day given all bad news (cf "all things do inform against me"). I liken neg. item buildup to Jim Fixx the runner (remember him?). This guy was a marathon runner, doing books, commercials, etc. Picture of health. Then one day BAM drops dead of a heart attack, I believe while actually running. Perhaps he felt certain signs leading up to that day but simply ignored them on assumption he was so FIT how could these signs really apply to him? AMAT has been treated like that super athlete lately..the market ignoring all that ails the industry as if only their patient were immune. Yes, it has corrected from high 30s to 29 but that was based on early estimates and Morgan's own dictum that next qtr. was weak. It practically took a revolution to finally drive the price down after last announcement. Upon what meat doth this our Caesar feed, that he is grown so great? p.s. I feel like my "trial member" status above is my Scarlet Letter screaming in sin red "newbie." Quite a bit of branded shame to save a few bucks!