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

To: Teri Skogerboe who wrote (22558)8/6/1998 10:23:00 AM
From: Robert Schling  Respond to of 70976
 
Teri,

As more of a lurker than contributor on this thread, I couldn't agree more with your analysis.

Looking at how AMAT has been trading during these difficult sessions, you can just feel that this stock wants to go up. Money rotating into this sector from elsewhere is probably going to drive AMAT up to the 39-40 resistance level.

Seeing this strange behaviour I covered a short position I had, but will go short again above 39 (unless the earnings announcement is surprisingly positive). Would be a nice hedge against a generalized large-cap colllapse..

I am already long some of the smaller players and have plenty of dry powder.

Just some more support for those who think that AMAT is completely overvalued vis-…-vis its peers...

Robert



To: Teri Skogerboe who wrote (22558)8/6/1998 6:14:00 PM
From: Skeeter Bug  Respond to of 70976
 
70ish+ now for the pe. the bottom line is that there is too much money chasing too few stocks and that means the money is "cheap." people don't value it. this is a bubble investing environment. like japan not too long ago... deja vu all over again.


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