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

To: Joe Donato who wrote (26386)11/18/1998 4:12:00 PM
From: Math Junkie  Respond to of 70976
 
Re: <<These are not the conditions that I would hope for if wanting the stock to go higher....>>

The market seems to be validating your point of view. I think the reason that the 1:1 BtB has not propelled the stock higher is that it merely confirms the expectation which got it so far off the lows in the first place, namely that the industry has bottomed. So, what little good news there was in the report was essentially already in the stock price.

As for the conference call, if no one has posted notes on it, you can listen to the replay:

Message 6273805



To: Joe Donato who wrote (26386)11/18/1998 7:19:00 PM
From: Math Junkie  Respond to of 70976
 
I just went back and re-read your original post, and especially after today's non-reaction to the press release, I find that we are in agreement.

One thing I forgot to account for is that the 1:1 BtB merely confirms what the market already believed and has discounted into the stock price, i.e, that the industry appears to be at the bottom.


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