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To: DanZ who wrote (20323)	7/30/1999 11:42:00 AM
From: DanZ	Read Replies (2) \| Respond to of 53068

Semiconductor stocks, LRCX. Consistent with my opinion in the message that I'm replying to, I think select semiconductor stocks are good shorts on rallies. Many analysts were very negative on the group last summer and put out sell ratings just as the stocks were bottoming. Now that many stocks have made huge moves, some analysts are putting out buy ratings. Analysts never cease to amaze me and this is a perfect example why I believe in the adage: Hold on buy and buy on sell. LRCX is a perfect example of this. Many analysts hated the stock (and the chip equipment sector) when it was below 10 last summer. Now that the stock is at 50 something, they love it and put out buy ratings. LRCX is number one on my short candidate list now. The stock is also near what could be resistance on the monthly chart. Previous monthly highs were at 73 3/8 in July 95 and 67 7/16 in August 97. A trend line drawn over these highs puts resistance at about 62 and the short term momentum could easily carry it there. Semiconductor stocks have a habit of peaking every two years and here we are again two years from the previous peak. The stock is currently up 8 at 54 3/8. Dan