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I was day SOES day trading last year, a novice, and developed trading practices that led to my current situation. All my money locked up in long positions with IDTI and CRUS. However,LRCX has offices in the building where I traded. They have expanded to take over the majority of space in the large office building. A lot of space. I visited with one engineer periodically, and he told me that they were booked solidly for 1996. Any new orders wouldn't be completed for one year. As well, Samsung is a major client of Lams. Samsung just inked a deal to build a huge manufacturing plant here in Austin, Tx. Lam will certainly be a major supplier of equipment. AMAT is here also, and will probably share in sales. But looking at the future, it sure seems that Lam ought to be a good buy right now. I just have to sit on the sidelines until CRUS and IDTI recover, whenever that is. I can then go back to trading, much wiser. That is, unless the NASD is successful in convincing the SEC to eliminate SOES and replace it with NAQCESS, their version of the trojan horse. The market makers hate sharing any money with the rest of the market. NAQCESS will kill the SOES-style day traders. |
