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

To: Norm Tock who wrote (22855)	8/11/1998 9:32:00 PM
From: John L.	Respond to of 70976

Norm I have made a lot of money on AMAT to, just not since November of '97, the downturn has been a lot longer and more severe than most thought last Nov. The '96 correction that lasted about 3 months made many, including myself, believe we would be flying high well before the end of '98. Now I believe the orders will start improving in the second half of '99, if correct the stock will fall back into the mid to low 20's. The long term, 5 years, is going to be great I believe as Morgan has said, the short term should have AMAT much lower in my opinion. I am still long with Retirement money and will trade with Brokerage money, one is long term and the other is short term mentality.