SI
SI
discoversearch

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: Jeffrey D who wrote (27034)12/8/1998 12:06:00 PM
From: Proud_Infidel  Respond to of 70976
 
Applied Materials (AMAT) 45 13/16 +1 9/16: CIBC Oppenheimer initiates coverage of semiconductor equipment supplier with "strong buy" with a price target of $60; improving supply/demand in IC markets and stabilization and recovery of demand from Asia should enhance pricing, revenue, and profit outlook; AMAT to leverage technology leadership and installed base of cluster tools and platform commonality with new product releases; despite recent appreciation in the stock, there is potential for further gains.....




To: Jeffrey D who wrote (27034)12/8/1998 12:09:00 PM
From: Gottfried  Respond to of 70976
 
Jeffrey, let me say that PnF analysis is based only on supply/demand
for the stock. Volume is ignored and only the extreme intraday
price is charted [rounded to the lower dollar in the case of AMAT].

Gottfried
fundamentals are ignored, too. But Tom Dorsey, PnF guru, strongly
encourages investors to consider them in stock selection.