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

To: jtechkid who wrote (21852)	7/15/1998 6:14:00 PM
From: Bong Lewis	Respond to of 70976

amat is a contrarian player. when people think it gonna go down, it goes up. it's not worth it to gamble. just stick with my plan to buy it when the next time people panic.

To: jtechkid who wrote (21852)	7/15/1998 6:42:00 PM
From: acidman	Respond to of 70976

I think that the big vol traders know a little more than the 100 share traders. The service i'm using listed those orders as a sell. My logic is that if you follow what the big traders are doing you'll get a better picture of whats going to happen to the price in the near future. Every time we hit the 27-29 area this stock runs up, IMHO the only reason it does so is due to the short coverings. We have 14 mil shares short, divide that by the number of shares you think we need covered to run the price up 1 or 2 and that = the number of times we are going to hit 28-29 before we hit 22-24.