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

To: Robert O who wrote (21428)	7/10/1998 5:41:00 PM
From: Ramsey Su	Respond to of 70976

Robert O, so you finally joined and the thread just went to hell. In case everyone has not figured out by now, I too am on the short and put side. Unfortunately, I only got Aug 30 puts since I am too gun shy to leave shorts open over the weekend. The amazing thing is it seems like most short sellers are the most immature bunch of posters. Since I short quite frequently, I hope it is not a disease that you catch from shorting stocks. Having said that, the AMAT release is not as bad as I thought. Frankly, I believed that they were going to announce red ink this qtr. It should break the 26ish support, if not Monday then certainly within the next few weeks. Will it hold over 20? Not that anyone cares but my strategy is to accept AMAT as a cyclical stock. If AMAT does not get slaughtered on Monday, I will short and ride it down. The signal that I am looking for has nothing to do with the industry but rather Asia, especially Japan, Korea and Taiwan. If they show any sign of stabilization, not necessarily recovery, I will close out my shorts and wait for the opportunity to go long. It will be great if it hits 12 but I am equally happy with 20, 26 or whatever as the entry point, knowing that AMAT is going to get their fair share of business when the fabs start rolling again. Ramsey