Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 155.15

+2.1%

3:59 PM EST

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To: Ian@SI who wrote (3002)	10/24/1997 8:41:00 PM
From: Rob S.	of 10921

It looks like the conerns about the devaluation of some currencies and higher interest rates has center stage for now. Not many investors or advisors are aware of the points made in Lam's conference call. The TA of the semi equipment sector still looks negative but many of the indicators have reached the point where the likelihood of a turn around is growing every day. Significant good news on moderation of interest rates or currency valuations could turn the tide. It looks to me that the momentum may take another few days to turn around. Then it is hard to tell if this will be a bottom or the sector will retest or go a bit lower. Bad news has a way of hanging around longer than it is welcome. My guess is that the turn around will be confirmed within the next two weeks and likely by the end of next week if no new bombshells are dropped. It will take analysts through at least the early part of next week to run all this new information through the mill and come out with new buy recommendations.

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