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

To: John L. who wrote (23684)	8/31/1998 10:00:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

John, I suspect that the selloff is a result of actual or expected margin calls and redemption by fund and hedge fund managers who are being forced to sell anything that's liquid. I'd expect another round or 2 of margin call forced selling. ... but I could easily be wrong. Ian.

To: John L. who wrote (23684)	8/31/1998 10:31:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 70976

John L. >Paul don't you think there will be a break before we head lower, this seems more like panic than anything else. When the panic subsides we should see a rebound although it might be short lived.< I agree with you on a slight rebound maybe 4-5 dollars after AMAT has has reached its lows and then retest those lows or maybe slightly lower before the stock begins to move up. We need to watch for the lows. John, I am glad to hear that maybe AMAT will turn positive near the first of the year. Compare the Tom Dorsey post of 1987 and 1990 which I posted earlier and then compare with the weekly DW post I make. Compare Gottfrieds, orders/shipments and btb data he just posted with the prices during those years. IMO, it looks to me that we are getting close to our buy positions in Big Bucks range of $17-20. The market will give us an indication. Just my $.02. Paul V.