Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 192.57

-1.2%

3:59 PM EDT

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To: John Trader who wrote (60826)	2/21/2002 4:18:51 PM
From: michael97123	Read Replies (1) of 70976

John, Once again stymied and the news re: economic growth has been better than i expected. But the market is the market. Jacobs posts are great and so are cary's but the last cary post i read had him selling cc on amat at 50. Just missed and i had followed him in as well and just missed the price. So where do we go from 1716. My mental bottom for this decline has been 1700, a full 150 points below 1850-2100 range nas had been trading in for quite awhile. I think i will lower that by 50 points. 1850-2100, then 1650-1850, then the last stand perhaps in jacobs world 1400(1388) to 1650. My numbes are just benchmarks based on nothing technical. I dont expect to see new lows for nas but this 1650-1850 range might take a long time to get out of on the upside. Will be intersting what the mindset will be if and when we get back to 1840-50. mike

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