Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (27601)	1/7/1999 10:19:00 AM
From: TechTrader42	Read Replies (2) \| Respond to of 70976

The "Broke" was amusing. At least I have one more "0" to my name before I'm wiped out. I'm like a durn fly on this thread, floating in the Wassail, aren't I? BTW, draw a trendline over the tops of the peaks on AMAT's chart, going back to Oct. of '98. You can see how the price got ahead of itself yesterday, hitting that line. Basically, the stock moved in a few days to a level that should have taken months to reach. So there's going to be some retracement, even though the overall trend is up. Note, too, that CCI(13) (the commodity channel index) for AMAT is at nearly 300. That's beyond overbought. The question is: What will this volatile little stock move back to before going higher? I'm not questioning whether it'll go higher eventually. Br0000000ke