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

To: Jacob Snyder who wrote (24067)	9/10/1998 7:32:00 PM
From: Big Bucks	Read Replies (3) \| Respond to of 70976

Jake, Lots of volatility in Amat intraday. iqc.com Tomorrow seems like it may be a good day to short it and hold thru Nov or $18 whichever occurs 1st. BB

To: Jacob Snyder who wrote (24067)	9/10/1998 7:59:00 PM
From: Ramsey Su	Respond to of 70976

I'm thinking maybe tomorrow would be a good time for me to take my losses, and exit my too-early position in AMAT. Jacob, my 2 cents. That is probably a good move. Intel was overly cautious about this qtr. They are benefiting from a change in product cycle as well as boxmakers like CPQ finally clearing out old inventory. Qtr to qtr and yr to yr is still under performing historical growth rates. Sell into the rally is certainly a good strategy. The only GOOD thing I can say about AMAT now is I suspect there is so much short interest that it may serve as an artificial support. Every time AMAT shoots up a little, you can see it accelerating. I think those are all short coverings rather than new money coming in. (just my opinion with no way of proving my theory). Ramsey

To: Jacob Snyder who wrote (24067)	9/10/1998 9:25:00 PM
From: akidron	Respond to of 70976

funny thing is that I was in the shower, thinking about logging on and thought that might be your very sensible stratergy. there's nothing particularly bullish in the intc announcement, and nothing they hadn't suggested before... what is different is that the market is so neg that it is percieved as good news. the real problems to this market are not current demand in the developed nations, but the problems that lack of demand everywhere else will eventually cause... Is there anybody out there who has given any thought to the effect that the worldwide devaluation of developing nations curencies is having on the relative wealth of those peoples.... just look at brazil...