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

To: Joe Sabatini who wrote (22693)	8/8/1998 2:05:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 70976

Joe,>Believe this downturn is likely worse than the last. . .< We will have to wait and see how WS treats the news. On some bad news in the past we have actually seen AMAT go up. WS just inflated the PE on the stock due to projected future earnings believing the the low BTB was near. But, like I previously posted I do expect AMAT to bounce off the $29 Bull Support line and then up in the next few weeks. Then, again I may be wrong. I, and others on this site have been in the past. The key is to being able to play it both ways. I do believe that the longer that AMAT eats up the time clock (months) the more the price will go up due to anticipation and that AMAT is a darling of WS. Then, when we start comparing this years BTB numbers against 1999 we should really see some jumps in price. Just my opinion. What are your opinions? Paul V.