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

To: Paul V. who wrote (25667)	10/23/1998 12:17:00 PM
From: David Rosenthal	Read Replies (2) \| Respond to of 70976

Paul, Don't you think that the fundamentals of today's announcement and the earnings release are going to apply hard brakes to AMAT's rally? I have a hard time seeing how your technical analysis (a pull back to only $32) can stand in the face of what will be a real lousy earnings report. Just curious how you integrate the two. Dave

To: Paul V. who wrote (25667)	10/23/1998 1:44:00 PM
From: Jacob Snyder	Respond to of 70976

from today's WSJ: the following companies reported losses, worse-than-expected earnings, or downsizings: Banker's Trust, 3M, Pacificorp, Nomura, Sears, US Steel, Nucor, "several oil companies", Schlumberger. P&G beat earnings estimates, by reducing costs, not by increasing sales. Only Lucent beat estimates and increased sales. It's going to take a lot of Fed pixie dust to make next earnings season better.

To: Paul V. who wrote (25667)	10/23/1998 2:09:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Paul V, "...Then, if I recall correctly, Tito, has stated that when AMAT hits $70 it has the tendency to run up to $100. I am happy with AMAT performance todate but expect a pull back. But, I expected the pull back at $32, the bull resistance line..." AMAT has to reach the Magic Number of only 63 (not 70) to use as a base to anchor the Up Stairway to 100. This will take place after James Morgan tells us something like this --- "...one more losing quarter and that's it!..." This AMAT's run-up is far from over, according to my YoYo indicator. Wait till the Dow reverses Up from its mini consolidation --- to test the 9300 level. Should AMAT reverses downward on Monday (lower Hi and lower Lo from the previous trading day) we would expect a Dip to 31.15 (10 -- 11 percent decline from the Hi of 35, assuming the Hi for today is 34 63/64); should AMAT reaches 36, the decline would be to 32 as you are expecting... Anyway, AMAT should at least test 37 3/8, the last Run-Up High, in a few days --- to complete this YoYo Play that began 3 days ago...