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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 148.32-3.3%Nov 14 3:59 PM EST
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To: LemurHouse who wrote (7432)12/18/1998 2:09:00 PM
From: Ian@SI  Read Replies (1) of 10921
 
Andrew, I couldn't disagree more with the conclusion that you stated.

... BTB indicates that we are still headed in the WRONG direction,...

Look at the underlying numbers. Both Book and Bill are up sharply from their lows. When the Final numbers are in, November Bookings are likely to be nearly double their September low; and billings up more than 25% from the September or October low. The BTB indicates that the low has already been reached; that the upleg is underway. Being misled by a ratio isn't a good investment tactic.

FWIW,
Ian.


Month                 Shipments Bookings Book-to-Bill 
June 98                 1,265.5    932.7         0.74 
July 98                 1,112.1    717.6         0.65 
August 98                1011.8    571.6         0.57 
September 98 (final)      845.7    481.3         0.57 
October 98 (revised)      834.4    623.5         0.75 
November 98 (prelim.)     962.9    805.0         0.84
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