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: MikeGolden who wrote (30509)	5/21/1999 11:38:00 PM
From: Gottfried	Read Replies (3) \| Respond to of 70976

Mike, maybe this Jan-Dec chart for 7 years helps... geocities.com:80/WallStreet/5464/amat7yr.gif G.

To: MikeGolden who wrote (30509)	5/22/1999 4:49:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

Mike: Re: " In 1993, 1995 and 1997 AMAT's stock dropped right after earnings release in May and stayed relatively weak through the middle of June." No, I think this is incorrect. In 1993 and 1995 the stock gapped up after earnings and subsequently corrected from higher levels but never retested the pre earnings price. In 1997, AMAT continued to climb days after earnings and later retested the pre earnings stock price in June BUT this was due to INTC's preannounce and Segate's preannounce at the end of May and a Brown Brother Harriman downgrade of the sector ON THE DAY OF THE JUNE LOW. This year is different because it represents the only time when compared to these years that the stock corrected immediately after earnings. AMAT hit its high at the open the day after earnings and immediately corrected about 11%. Remember how active those 60 calls were at the beginning of the month? Funny how she closed close to the $60 strike price on Friday. Re: "The dips range from 5-10%." You could make this observation in any trading week for AMAT.