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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 159.33-1.8%Nov 7 9:30 AM EST

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To: Proud_Infidel who wrote (4173)7/20/2000 11:31:37 PM
From: Jerome  Read Replies (1) of 5867
 
>>LRCX is down 22.2% for the calendar year<<

A different view would be that LRCX is down 22.2% in the last 5 trading days. And all this with no news from the analysts or the company.

Its been my observation that LRCX crashes harder than the rest of the group and recovers slower. More like a medicine ball than a basketball (as NVLS).

For those that have cash left to invest I would suggest buying LRCX on the open and when it rallies write the Aug. 30 calls which are last quoted at 3 3/8 x 3 3/4. A better than 10% return on the call premium alone.

Regards, Jerome
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