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 160.55

-4.9%

3:59 PM EST

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To: Gottfried who wrote (6840)	8/31/1998 7:02:00 PM
From: Stitch	Read Replies (1) of 10921

Folks, Cramer from Street.com, in a special edition of their email service says: Reprinted for personal use only: "Here's the bad news. It's not over. This was not a buyable close. People just started selling right at the last minute. There was size to go at the bell. And Hong Kong will be crushed and Japan will be shredded, etc. Brutal. By tomorrow midday I think we will see levels that people will have to come in and buy. We will hit the irrational exuberance level and just be irrational -- no longer exuberant. I am staying late with my partner, Jeff Berkowitz, and putting together my ideal targets, prices that I would buy things with my eyes closed. Ford (F:NYSE) at 40, Coke (KO:NYSE) at 55, you get the picture. Then I will go in and buy. Even in 1990 you got a chance to buy things if you were nimble. Longer-term people, forget about it. We just aren't there yet. We will be there when the problems that caused this get resolved, not when we get to interesting price levels." I agree. best, Stitch

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