Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (11466)	11/22/2000 2:34:56 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78609

Another tough day in the market. Grommit, for some other tech ideas I offer: ECIL, IDTC (cash in search of a business) and TRID. I'm holding positions in some of the stocks you mentioned also - KEM, NSM, CA, EGLS. I continue to monitor several electronic component distributor stocks - Avnet (AVT) and Arrow (ARW - I have a tiny position), for example. Somewhere around the current $10 level for distributor All American Semiconductor (SEMI) it might be a buy (imo), and I may add to my position. (Although I was pretty wrong now to have last added when the stock was at $18.) Like you, I have also recently begun to buy ATMI. To me ATMI looks like a very good Gaarp stock. Good history of rev increases, price at yearly low with accompanying low relative price/sale, price/earnings and price/book figures. Not much LTD. Very good (imo) latest quarterly report-- They say they are expanding capacity due to increased demand for their products/services. For a small company they are involved in several aspects of the semiconductor business (maybe too many aspects??), and I can't figure out all that they do and the individual prospects. The part that I do like is that they make consumables for semi's, so unlike KLIC and others which sell capital equipment (primarily), I "assume" ATMI has an on-going stream of orders for their consumables which are correlated to the amount of production of their customers. -------I'm selling some stocks today before their time. Some of us have to deal with the pain of our declining stocks as we cope with a broad market decline. -g- Except for a few(??) ---guys like Twister (newspapers, cable, Buffett stuff) or J. Clarke/rjm (net-nets), who I am guessing might be- so far- unaffected. For the rest of us, I see our options now as sell, buy, do nothing. There's another option which would be: befriend the trend - sell short. I dismiss this with my usual "ridiculous" -- a dangerous option now to sell low and try to buy back lower- an option which goes against the value investor's BUY low to sell higher. Anyway, for me, to DO SOMETHING about my pain - I'm just taking some profits here and then I'll go out for a walk: THX (trimming position). Thanks again, Archimedes for this stock idea. BPOP (partial sale). I'll reenter if this bank stock drops in sympathy with many other banks stocks that've already come down to lows. CCL (close out). I'll attempt to reenter if Carnival drops to 19-20. (My thanks to the person who first mentioned it here or on Buffetology thread) FAF( close out). The Chicago Title buyer of couple of years ago. Stock off its highs but still surprisingly high imo considering recent announcement of earnings decline. PH (close out). Was an exploratory position when stock hit new low-- moved up too quickly for me to add more. Stock could be stuck unless there's a catalyst. OTOH, I could just be too impatient. Regards all. Happy Thanksgiving USA people!

To: Grommit who wrote (11466)	11/23/2000 3:21:52 AM
From: John Liu	Respond to of 78609

I'm not very heavily into the technical aspects of why one semiconductor company is better then another so have mostly stayed away from this field but have started looking into ALSC/Alliance Semiconductor since the company is valued at about the same as or less then its cash + stocks of other tech./semiconductor companies(UMC, brcm, pcms...) another semiconductor I am looking into is TRID which is less then100% of cash/stock holdings. I think companies with alot of cash can cushion any industry or market downfall. John

To: Grommit who wrote (11466)	11/23/2000 1:06:55 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78609

Grommit, I like nsm as well. I bought at 21 and sold vsnar at 2/1 ratio, bringing cost down to 16 7/8. The 2003 leaps at strike of 90, at 2 1/16, are too pricey in my opinion and writing calls at 2/1 ratio has no meaningful upside risk and 20% downside protection. Lots of room for stock to move up in next 2 years. For another idea you might consider a covered call(leaps) on icix. With wcom buyout very highly likely you will get 1.18 shares if merger completes. Selling vljad calls and you in at about 10 on icix and your downside will be safe until 10/1.18 or 8 1/2 on wcom.