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

To: Jacob Snyder who wrote (22555)	8/6/1998 3:11:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 70976

i believe amat loses money for several qs and that the $0.51 doesn't have amat ever losing money. i think it is generous. good luck... $0.51, outside of a manic bull market, would bring a stock price between $10 and $15. seems the risk reward ratio is a bit skewed here...

To: Jacob Snyder who wrote (22555)	8/6/1998 5:37:00 AM
From: Teri Skogerboe	Respond to of 70976

Re: "I don't think those earnings estimates are accurate, but the point is that Mr. Market does, and he acts on them." This statement is almost always true, but we've not seen this happen lately. That's the puzzling thing. A delayed reaction, similar to SLB's in the oil service sector? SLB held up forever and finally gave in to the lowered numbers. I still say no one knows the extent and duration of this downturn and Mr. Market is being awfully generous under these conditions. I hope to catch the next crest to go short. IMO, Mr. Market has lost his mind; in the past it has paid to take advantage of that.