Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ramsey Su who wrote (22574)	8/6/1998 1:23:00 PM
From: Joseph J. Clark	Respond to of 70976

I recall early this year (I believe) AMAT was able to rally to 39-40 before earnings were announced. Slowly then we headed to the low 30's as Asia was taking hold. Perhaps we are repeating the same pattern? If true, AMAT may make it to 38-40 before the 11th, only to fall back if the comments on the CC are "uncertain". I for one wish for a pullback. I plan on buying puts in the next day or two; I'll post when I do. Downside insurance as we head into October may not be a bad idea (I'm looking hard at the Oct 30 or 27.5 puts).

To: Ramsey Su who wrote (22574)	8/6/1998 1:42:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Ramsey, Re: I am not sure if it is short squeeze or just mutual funds with lots of cash desperating looking for any big cap to put money in play. Just a guess, but I believe most fund manager's have Nov '96 ingrained into their memory(when the stock gapped up 8 points following + comments) and do not want to be left out should any + comments be made on the 11th. IMO, we'll see this type of action around each earnings release and a pullback each time no + news is forthcoming. It also does not hurt that relative to the rest of the market, this sector is especially attractive on a PEG basis. BK