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

To: Jerome who wrote (4191)	7/24/2000 8:41:37 AM
From: Philip W. Dunton, Jr	Read Replies (2) \| Respond to of 5867

Jerome, Re your query about t/a of lrcx. Stock is testing May low in twenty five region with resistance now in mid-thirties. Due to the recent nervousness about the up cycle ending (hogwash in my opinion), most of the charts of the semi equip stocks are at least temporarily broken. However, with the group's history of volatility, the charts can heal quickly. I'd rather be long LRCX at this level than out or short. In my opinion, there are several screaming bargains,including LRCX, in the sector. Good luck, Phil