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

To: Proud_Infidel who wrote (4233)	7/30/2000 9:54:42 AM
From: Jerome	Read Replies (1) \| Respond to of 5867

>>My portfolio is down ~40% from the March highs,<< That being the case where to from here? My portfolio is in the same predicament. I'm up about 6% YTD. Some modest portfolio realignment might be in order for the next two months. My re-alignment would consider which companies have the best outlook for the next quarter. Two factors are at play here. Which companies exceeded earnings by the largest percentage and reported the best BTB for next quarter. These are the companies that I would overweight in a portfolio. SVGI reported a BTB of 1.74 and KLIC the best earnings. LRCX ( my personal favorite) didn't beat expectations by much is most often mentioned in the sector by analysts as a favorite. Plus LRCX delivered the best defined guidance for the next quarter (.45). So there should be no surprise here. Because of the negative press concerning the back end BTB, I would move some monies from back end companies to the front end companies. As Cary said "don't fight the tape" I would have to believe that Mutual Fund manages are now doing some modest re-alignment in this sector in anticipation of next quarters earnings. Looking out to next quarter I would add to LRCX, KLIC and SVGI. The question is how to do so without totally trashing current positions. A swap of some AMAT for some LRCX, KLIC, or SVGI would be my choice for the current time frame. Other opinions on which stocks in this group are likely to rally the best (assuming there is some type of recovery) are welcome. Regards, Jerome