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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (2975)	6/19/1999 9:39:00 PM
From: Thomas J Pittman	Respond to of 5867

Well, hello old timer! My lrcx cost is 21 currently, and you have just made my day! I had decided since the last post to sell 50% at 50 and then to sell the rest if/when we hit some as yet undetermined high on the historical psr. Sounds like I am somewhere in the ballpark you are playing in. Nice to have the company. I hope all is well with you. All is well here and lately, thanks to some profits in the semis, the oil services, and one biotech, I have to begin my search for whatever is next. Happy hunting. Regards, J

To: Cary Salsberg who wrote (2975)	6/20/1999 9:48:00 AM
From: Sam Citron	Read Replies (2) \| Respond to of 5867

> My response has been to increase my invested capital by 2.5 times during the recent downleg and recover my cost when the stock reaches 2.5 times what I paid for it. Do I detect the evolution of a sell discipline? Though somewhat crude, it sounds like a reasonable no cost basis investment strategy. > I will sell 40% at $50 and try to ride the other 60% to the top of the next recovery What indicators do you expect to signal the top of this cycle? Why not plan in advance a scale-up sell campaign with redeployment of proceeds in a cyclical industry that is inversely correlated with semi-equips? Good to hear from you again, Cary. All I need now is to hear from Scott Maxwell and the seance will be complete.<G> Cheers, Sam