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

To: Jeffrey D who wrote (29785)4/29/1999 10:34:00 AM
From: Sun Tzu  Read Replies (2) | Respond to of 70976
 
>> how did you arrive at that number?

There is a head and shoulders pattern (or a trading range) since the begining of March which was penetrated yesterday. So TA tells me we are headed towards 47. It is possible to bounce up to high 50s before that, but I would be a seller there and wait to see how the stock reacts before I jump back in. As far as FA goes, you already know that on a historical Price-to-Sales ratio, I think AMAT is overvalued and I don't see many news or upgrades ahead to bring a turn around. So I find it likely that the stock will trade based on the technicals.

regards,
ST



To: Jeffrey D who wrote (29785)4/29/1999 10:53:00 AM
From: KM  Read Replies (2) | Respond to of 70976
 
I suppose KLIC numbers caused this drop? NVLS also tanked hard. Isn't KLIC supposed to be a leading indicator?

Who knows. I bought a load at 50 1/4. I like this company.


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