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

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

LRCX 168.26

+1.5%

Dec 10 3:59 PM EST

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To: Justa Werkenstiff who wrote (3489)	11/14/1997 11:45:00 PM
From: Ian@SI	Read Replies (2) of 10921

Justa, Re #3: Yes, I plan to hold at least through 300mm conversion and probably through 0.15um. 1. I don't have the psychological makeup to buy back in above my exit price. 2. Taxes are prohibitive. It's one of the benefits a Canadian receives. e.g. - To get back into KLAC, I need about $33 or better to be able to buy the same # of shares I sold near $45 with my aftertax proceeds. 3. I don't believe I have the ability to predict the direction or timing of short term market moves. The key advantage I have over fund managers is time. I can buy the leaders cheap then hold indefinitely as I don't have to file a quarterly report showing my results. (which is good this month.) Unlike Ira, I hope to be able to profit from this one advantage. If my view of the Equipment sector's prospects were to change; or if the competitive picture for 1 of my holdings were to change markedly, then I'd sell much earlier. Have a good weekend, Ian. P.S. I don't think you said anything in your original post to provoke item #3. I was on a roll. ;-)

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