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

To: Proud_Infidel who wrote (28460)	2/19/1999 2:11:00 PM
From: Michael Ohlendorf	Read Replies (3) \| Respond to of 70976

Every order is hyped here to the max ! Fact is that many large orders have to be won before the company can get back up to full swing bookings. Yet the stock price has already run up to levels it should "normally" have reached only when these record bookings have materialized. Now the industry orders have only reached the August 1997 low (last downturn before the most recent one in August 1998). See Gottfried's charts ! In August of 1997 the stock however traded at $ 33 imagine this !! Another thing is what will happen if the BtB will not continue to climb over the next quarter or two like everybody here seems to take for granted but stagnate ?! The stock will be trashed !! For me the stock is a clear sell or only a hold at these levels. Only in a strongly upwards rising bull market I would buy it for a quick trade but not now when the whole tech market seems to have lost considerably its momentum.