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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 178.07+0.4%Dec 26 9:30 AM EST

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To: Jong Hyun Yoo who wrote (5392)10/27/2005 6:07:15 PM
From: All Mtn Ski  Read Replies (1) of 5867
 
Good move. Anything north of $32 has been a great area to sell LRCX:

bigcharts.marketwatch.com

KLAC is getting killed in AH on its guidance, NVLS wasn't pretty last week either. Everyone keeps saying there is going to be an uptick in CAPEX and I don't see it. Haven't all year, although I've been challenged on that call here. LRCX has been a relative outperformer for the group, however, so congrats to the longs for staying with the winner in the group. But I don't think LRCX will be breaking out or even holding this area, so watch out below.

Trading Lam in its current range ($26-$32) has been the call this past year. I think the next visit is back to $26, and possibly below that.

I know the bulls don't want to hear it, but the risks to the market are strongly to the downside, IMHO. The semis have also been leading to the downside, not a good sign for these names....

A-M-S
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