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 139.60

-6.2%

Nov 20 3:59 PM EST

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To: Robert Einstein who wrote (3645)	12/2/1997 8:56:00 PM
From: Ian@SI	Read Replies (2) of 10921

R E, First, tom Kurlak works for Merrill Lynch, gets paid by Merrill Lynch, a company which makes more money if the market is more volatile. Their vested interest is to see more buying and selling happen. If that hurts their customers' net worth, too bad. ... as long as the customer doesn't figure out how (s)he's being manipulated. If you believe the scenario that the world will enter a significant recession, or a depression; that deflation will become global; and that people in developed and developing countries will stop buying products which use chips, then you should believe every one of Tom (Chicken Little) Kurlak's proclamations that the sky is falling down; sell every security that you hold; buy a lump of gold (to protect against deflation), hide it under your mattress and resurface once Tom Kurlak proclaims the depression is over (about 1-2 months from now, I'd guess). The only glaring slip up in his scenario that I spotted was, ... yr-over-yr on a 20% increase in unit growth. More unit growth usually means more fab capacity and almost always more tools from the Equipment Makers, more test, assembly and packaging equipment, etc. Other than that little slip, Tom did a nice bearish number. ... and he will probably scare the prices down. But he doesn't want you to buy on the dips before he and his customers do. So he has encouraged you to sell into any rallies just in case someone else does. I believe we'd all be better served by ignoring this garbage; knowing and understanding what is a fair price for the stocks; and if we don't yet have full positions established to buy when our own efforts indicate the company is a buy. Kurlak doesn't get paid by you. Don't expect him to look after your interests. IMHO. Ian.

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