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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 (4766)2/25/2002 11:14:29 AM
From: Kirk ©  Read Replies (2) | Respond to of 5867
 
Mr. Pink goes short.
Message 17103388

This guy seems smarter:
Message 17106171

Mr. Pink,
Aren't there better semiconductor shorts? 1/3 of Lam's valuation is in cash. If you back out the cash, Lam is only trading at ~12x peak earnings. Isn't MU a more obvious short?


To me, it looks like LRCX is near the bottom of its trading channel... a few more shorts like this guy and I might get to buy back some shares I sold at ~$30.