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 148.32

-3.3%

Nov 14 9:30 AM EST

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To: shane forbes who wrote (5665)	6/3/1998 8:27:00 PM
From: Fortinwit	Read Replies (1) of 10921

<<Still bearish but there definitely is "capitulation">> The action today in KLAC had the earmarks of capitulation... SOX broke below 250... The kid went bullish... Tempting values (well, values in relation to last summer)... I'm not ready to buy yet... we've seen EPS reductions but not the downgrades yet. A little M&A activity would make me a lot more bullish. I'm going to close out 50% of my KLIC July 20 puts this week for a 100% gain since April. The rest I'll keep for a couple of weeks in case we go below 17. Still bearish too, but starting to come around. My gut still says it's gonna be a long summer. F.

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