Lam Research (LRCX, NASDAQ): To the Insiders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 159.33

-1.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (4182)	7/22/2000 3:35:26 PM
From: Jerome	Read Replies (1) of 5867

Monday's plan for LRCX.............. With options out of the way, its now time to plan for the next month. I don't know where things are headed, but some kind of plan is better than no plan. I plan on buying another 500 shares on the open. If LRCX rises during the day I will be writing covered calls at the Aug 35 strike, which closed at 1 1/16th bid If LRCX falls by the end of the day I will write the 30's for at least 2. I somehow believe that anyone who wanted out of LRCX is now out. So selling pressure may be over. Investors possibly figured out that stocks tanked after reporting good earnings so the motivation was to sell now instead of waiting for earnings. But in reality there can't be sell off before a sell off. And once a pattern is recognized its no longer valid. My prediction is that LRCX rallies on the earnings report to confound all those that bet otherwise. >> I picked up some more Lam today though. Unfortunately it was at the open(28 13/16)<< I did the same and don't regret it. Regards, Jerome

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next