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: Jacob Snyder who wrote (24890)	10/5/1998 9:24:00 PM
From: john dodson	Respond to of 70976

Re: And AMAT holds its 22-and-change support line. For how much longer, though? One, maybe two more days like today, and we could be testing support of $20. Then again, probably not. -John Dodson

To: Jacob Snyder who wrote (24890)	10/5/1998 9:54:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 70976

Jacob: You are too good to me <GG>. Glad I sold off my CSCO (today I am glad at least) on the rally before the retest and put the proceeds into this sector. Did you pull the trigger on your CSCO? Now there was a stock in search of a reason to sell off and it found one or two in spades. Same deal as before a few years back. People are concerned about the growth rate. But at the 200 DMA, it is starting to look attractive again. I can't believe the price of INTC with good earnings on the shelf. Now there is a good lower risk trade to go long at $80 or less. If we hold off tomorrow for enough time for some funds to clear and before we crater to DOW 400, I might just add to my AMAT position.I have read some analyst's reports of late and the expectation is building in the street that AMAT will not meet its quarter. Sounds discounted to me. Unlike CSCO and the other high flyers, this sector already has the worst possible news discounted. Let's see -- a huge market correction on top of a crappy sector. What more could you ask for? You want more? How about Japan, Brazil and the White House? More you say? How about Russia, Saddam and Yugoslavia. More you say? How about a global recession? But, on the other hand, there is an improving chip outlook at least for now. Tell me some analyst is not going to come out of the woodwork after a positive chip earnings season to tell us that this sector trails the chip sector by six months? All we need is one piece of good news in this sector and we will get a run. AMAT is just the opposite of CSCO. Looks good to me for at least a run and maybe a cycle hold. KLAC has the same profile. In fact, the Motley Fool ran a special on KLAC tonight as one stock that did not fall as much as the others today. Are the value players looking to this sector? Look at SFAM's performance after it reported a break even quarter -- from $9 to $12.5. Tell me the financials do not look the new semi-equips on the block? What a mess. All the other sectors are doing a catch up to the semi-equips at this point. We are at least ahead of the declining curve by investing in this sector <GG>. Hey, did you ever notice how as the Japanese stock market goes further and further into the tank how much more willing they are to talk a good game about reforming their banking system. Maybe if it goes to 12k, they will actually do something!!! Thinking out loud.....