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  • jkfb11 jkfb11 • May 13, 2003 8:06 AM Flag

    AMAT moving Up on Insight!!!!!!!!!!!

    Amat's up movement the last two days, especially yesterday must clearly be viewed as insight from Wall St.analyst, who understand the dynamics taking place in the marketplace and are beginning to load up on AMAT. Todays report should be very psoitive and lead the way for a breakthrough into thre $20's. Next stop $25.00

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    • brianh400m brianh400m • May 13, 2003 8:31 AM Flag

      If you have been involved in AMAT in the past you will notice that it tends to move up in price just prior to it's Quarterly Earnings report. Also, if you have been following the conference calls from other equipment makers (i.e. NVLS, KLAC, etc.) you will have heard that the outlook going forward is cautious with no upward guidance going forward in the near term. I also don't believe that AMAT would terminate over a thousand jobs less than two months ago if things were turning around in the near term.

      Best of Luck to All

      • 1 Reply to brianh400m
      • matollionequay matollionequay • May 13, 2003 10:04 AM Flag

        Clearly the movement of the past several days was just keeping with the market as a whole.

        Caution has to be the watchword now. Taiwan semi's recent observation that there appeared to be some very recent increase in demand was followed by a statement that they did not decide to increase plans for more equipment purchases.

        For those interested in all views get a copy of this week's Barron's. Interesting thoughts on tech overall from Pip.

    • gdwill2u gdwill2u • May 13, 2003 8:20 AM Flag

      You are most likely wrong. MMs usually pump up the price the week before a suspected bad earnings report.

      If they were loading up you see a major spike in volume as prices fell, not the case here....volume goes up as price goes up, selling into rallies.

 
AMAT
14.600.06(+0.41%)4:00 PMEDT