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

To: Gottfried who wrote (26298)	11/15/1998 10:09:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 70976

HI Gottfried and all,,, I am not here to bash AMAT, but i would like to remind you all, that even though DRAM prices have recovered somewhat, and thus boosted MU & AMD etc... that does NOT mean the front end & back end semi equips are doing that well...World Wide Cap X is dead...i truly think AMAT is a short..it's right up against resistance, and the markets selling on the news...the entire SOX index has exploded...it might be time to take a pause here... i don't think there will be any serious selloff in AMAT, but it could retrace down to 33ish based on my Point & Figure Charting...there really has been no up tick in orders for the semi/equips...KLIC just proved that on Fri...they had a miserable quarter with ZERO guidence for the near term future... hope this helps..Jerry