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

To: David Rosenthal who wrote (25669)	10/23/1998 12:22:00 PM
From: KM	Respond to of 70976

We'll know for sure when we see how the Street reacts to the lousy earnings report. It could act like BT yesterday and rally on bad news. Then you know for sure the bottom is in.

To: David Rosenthal who wrote (25669)	10/23/1998 12:48:00 PM
From: Paul V.	Respond to of 70976

David, Rationally, I agree with you. If you have been following the post on this site by Gottfried, others on this site and me you will notice that AMAT price appears to run up when the EPS are down. The analysis, IMO, are looking 6-9 months ahead and they may have concluded that the BTB is at its lows at around the .57 level. Sorry, if I was unclear in the post, 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. My view was that I expected a pull back of AMAT when it reached the $32 level, the Bear Resistance line to approximately the Bull Support line at $24 but it did not occur. Now, I do not expect AMAT to pull back that far but only around $28ish range. Just my $.02. Paul V.