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

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

LRCX 217.47

+4.2%

Jan 15 3:59 PM EST

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To: Proud_Infidel who wrote (5299)	5/2/2005 2:03:23 PM
From: All Mtn Ski	Read Replies (1) of 5867

You would have to make trading stocks a near full-time job....and that is assuming that you could do it correctly. I know people who do that full time and do plenty well. I've distanced myself from regular trading because of a new business, but at one time I was able to make more from trading than I earned at my full-time job. I am now working for myself and quite busy with that, it does take time and devotion to do it right, but it can be done and nowhere near impossible. Wall Street wants the investing public to think its impossible, while they go ahead and do it. Mutual Fund turnover ratios are usually well above 100%. Program trading is 50% of the NYSE volume. Its being done. Wall Street wants the individual investor to stay in for the long haul and preserve the "skimming operation" that is the bread and butter of Wall Street. What a great business, get the consumer to absorb all the market risks, while the "house" collects 1%-3% per year. Not a bad deal and that is why money management is so profitable. Granted those were insane times I was referring to the rampant speculation and insane valuation ratios and justifications like "Its only trading at 10X expected future cash flow in 10 years". That IS insane and why the semis were so richly valued then as opposed to today when the overall semi market is even larger than in 2000, all things being equal, AMAT should be back at $50 with the semi market back to 2000 levels, right? What's different this time? The insanity is missing..... A-M-S

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