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

To: Gottfried who wrote (27066)	12/9/1998 1:25:00 PM
From: zsteve	Read Replies (1) \| Respond to of 70976

yea. i better hope he's right both sides. :>) end

To: Gottfried who wrote (27066)	12/9/1998 2:26:00 PM
From: Fortinwit	Respond to of 70976

GM: ...Hope he's right on the downside... The hairs on the back of my neck went up last night. Bought downside protection with OOM GE puts. Mulling SOX puts too (Jun 300s). Already have WAY too many AMAT puts. Too many analysts upgrading AMAT and lowering (or not increasing) estimates. This suggests some amount of caution with AMAT trading at 4xSales (towards the high end of the historical range) without any substantial evidence of orders picking up (i.e. qtrly bookings going above $800M). F. (it's lonely here in the cave, and my feet are damp)