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

LRCX 160.52

-4.9%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (9379)	1/21/2001 9:47:24 PM
From: Kirk ©	of 10921

I thought it was a race to see who could be the first to bolt for the exits. Some left early and were forgotten. Jonathon Joseph got it right, but for the wrong reason. Still, he won the round. I THINK the first REAL signs were Nokia saying they would ship fewer cell phones in Spring of 2000 but that said they expected demand to go back up when they had the right product. They BLAMED product mix for a demand problem (who really wants to web surf on a cell phone at 10¢ a minute?). I think cautious momentum investors saw this as a possible slowdown and money flowing into the stocks started to slow. I heard from a friend at a wedding in August that he could buy chip capacity that only months ago was fully booked for cell phones. He didn't own AMAT but thought it wasn't going to go up soon if this trend continued. He commented that his large tech company and others spend a fortune getting reports on demand, etc.... and the reports said that there was going to be free capacity later in 2000, not the shortage that we were hearing from Bagley and Morgan. I though we had already dropped 30% or so and it wasn't worth selling to avoid going a bit lower...as I sold all I wanted on the way up and we were above that level still... oh well, I was sure wrong! AMAT fell like a brick with a few counter trend rallies and 30% off $115 would have looked great as an exit point offering plenty of cash to buy when it hit $40. I'm mostly a long term holder where I do have funds to buy should we get compelling values... maybe $30 for a fat pitch, but I have no expectation of selling at tops or buying at absolute bottoms. [ramble off] Kirk out

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next