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

To: Jerome who wrote (4451)	11/22/2000 9:21:10 AM
From: Bill Hermesmann	Respond to of 5867

Jerome, My own analysis is that option players, especially, are still looking (hoping?) for the bottom and thinking (praying?) that sentiment is negative. Re. sentiment figures, my favorite one (contrary, i.e.) is comparing the Put & CALL volume figures on the OEX and SPX. A higher volume of calls in the OEX has never been a buy signal in my lifetime. Sometimes it fuels a very, very short technical rally, which is perhaps all the option long needs to at least salvage something. So what's happening now? The OEX has been ominously bullish just about every day in the month. Yesterday's reading of .56, (.56 put for every 1 call) continues the trend.

To: Jerome who wrote (4451)	11/22/2000 11:01:00 AM
From: Kirk ©	Respond to of 5867

One measure of sentiment is relative strength. Today, the NASDAQ is selling off again and AMAT and LRCX are showing green on my screen. The two others I hold... one is even and then other is off 1/16th, but it has been a real turd all along. On the political front, the news doesn't get much worse than a major battle in court for the presidency. The only hope is there are not enough of "pregnant chads" to change the vote total so it isn't an issue. You think the meltdown is bad in semicaps, check the internet stocks! The internet company I do some work for has about 46¢ a share in cash, a very slow burn rate (we have enough for another year), and is selling now for 22¢! Negative sentiment can sure blow all valuation metrics out the window. I've been buying on the way down and just hope it isn't more toilet paper! I remember buying the majority of my LRCX shares back at $12 and $10 (pre split prices) and the last buy was nearly a years burn rate below book value!