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

To: Gottfried who wrote (28430)	2/18/1999 5:19:00 PM
From: Michael Ohlendorf	Respond to of 70976

Stock is looking much weaker here already ! Would not surprise me to see it drop to below 65 already tomorrow and then slide further down from there. The earnings excitement will soon settle and then people will realise that the stock is trading 10000 feet above sea level with lots of thin air above and lots of hot air in between !! Well deserved profit taking is the consequence. Adam Harkness has it as a market perform. If you are honest and every long knows it deep inside (come on admit it !!) that is the best you can give it at these levels. Do not get me wrong if they can deliver another two quarters in a row I will believe the up cycle story but not now and most importantly at this price. In a few days the chart will look like MUs just after their "earnings" or look at Cisco or look at IBM or look at Dell....... all good stocks but no different just shoot up too high !!