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


To: John Chen who wrote (28070)2/8/1999 12:17:00 PM
From: Howard Bennett  Read Replies (2) | Respond to of 70976
 
Don't Trust Brokerage Upgrades all the time.

You'll recall MU when it cratered a few years back....just after several upgrades. This is a ploy to get the price to rise for their large clients. Happens all the time.

It will happen in waves. A wave of sellers. Let the price recover a bit...then the next wave.

(I also have the benefit of knowing 2 people who work at AMAT...and all is not rosey. The Asian "recovery" is not happening..perhaps 2 years away).