"How 'bout the next few years?" I have no doubt about the next few years. I have no doubt that LRCX is heading past a 100 within six months. Its simply a matter of progressions.
LRCX share Price
Oct. 8, 1998....... 8.8
Dec. 30. 1998... 18.125
Feb.8, 1999...... 36.00
Oct.13, 1999.... 72.00
????? ............. 144.00
Now this might be deemed unscientific by some, because it ignores interest rate hikes, earthquakes, and world events such as Taiwan attacking China. (even up the old scores once and for all). But in as much as no dissected analysis of P.E's, growth rates, and cycle times can predict world events it remains just as valid.
Keep in mind that when I post short term strategies for LRCX, or CYMI or other stocks, I concern myself with the outlook for the next one to three months. After all, there are mortgages to pay, horses to feed, women to entertain, and beers to buy. ( not necessarily in that order).
As an option writer I try to gain a short term advantage while waiting for the rest of my portfolio to appreciate to where I think it should be.
Regards, Jerome |
