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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 151.94+1.1%Nov 25 3:59 PM EST

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To: Ian@SI who wrote (2575)2/26/1999 4:05:00 PM
From: Duker  Read Replies (1) of 5867
 
Who would have thought.

In a week where things are fundamentally getting better (much better), we suffer this type of market malaise.

Well, you know what: what can they do to us that hasn't been done to us before? Drive the stock back below $9. Been there. Done that. Test my resolve? I laugh at the suggestion.

This is the fundamental problem when stock ownership changes hands from the value guys to the momentum morons. The latter group is so vapid and foolish that they do not know how ridiculous they are.

I guess when you do not know what it is you are buying, you are doomed to make stupid decisions. When the only hurdles that have to overcome to qualify for purchase are the: "Did they beat the estimates?" and "Does the stock feel good here?", you can't expect these guys to recognize a turnaround.

I will personally deliver each of my 160k shares to these half-wits in the form of a Giant Lam Enema when the stock price has sufficiently discounted the near-term (next 3 years) earnings power of this company ... and that price level doesn't begin with a six, a seven or an eight.

We are once again witness to a market that is disconnected from reality.

Just had to vent.

--Duker
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