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

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

LRCX 148.32

-3.3%

Nov 14 9:30 AM EST

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To: Proud_Infidel who wrote (4261)	8/3/2000 12:15:45 PM
From: Jerome	Read Replies (1) of 5867

Here is a reasonable attempt to salvage something out of this mess. The front end companies are getting hit just as hard as the back end. The only solution is to buy some options far into the future. For LRCX I bought some Jan. 25's at 4 Second choice would be to buy some Jan 15's which can be had for 9. In this situation I will sell some shares of LRCX and buy some of these. The idea is to hold the same number of shares and options as previously represented by shares alone. Another strategy is to sell some LRCX at 22 to 24 and buy ASYT. The rational behind this strategy is to keep your exposure at the same level as before while attempting to free up some cash You may view this jumping between trains, but this train (the semi's) is now out of control. The sign on my desk says "don't anything stupid today" I think that would be selling at these prices. Regards, Jerome

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