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 142.62

+2.2%

Nov 21 9:30 AM EST

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To: Gottfried who wrote (3880)	12/16/1997 7:44:00 PM
From: 16yearcycle	Read Replies (4) of 10921

G, In August and September, I suggested the price of amat was too high and proposed both a hold strategy through a decline of 120 to 60(60-30), and a strategy to sell on a decline of 30% or so after an e warning. Besides Cary, I was ignored, but at least I wasn't flamed. I got a little snippy after that and wished everyone good luck if they thought the rate of gain would continue.What did this good detective work get me? A reduction in capital gains of truly ugly proportions.I didn't act firmly on my impulse. When the stock collapsed to 42 quickly, I became bullish because it seemed like a reasonable correction given e projections of 2.20. Well, that is too high of a pe to buy at on this stock. As I said, looking forward now to the next push up would be very wise. This time implementing a complete strategy of buying no higher than x and selling at exactly 4x and then waiting for however long it takes for the next fat pitch. Gene

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