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

To: Jong Hyun Yoo who wrote (4947)	1/27/2004 9:04:05 AM
From: Kirk ©	Respond to of 5867

Hi Jong Hyun Yoo Kirk, I think the fall is just part of profit-taking. The equipment stocks in anticipation of start of an upturn has run up nicely. LRCX has outperformed many of its peers and is being more volatile on the downside as the confirmation of upturn by many reporting companies are seving as SELL signals. It may not be a bad idea to add to your position if LRCX corrects by more than 20%.. Message 19736055 Thanks for your inputs. I agree and I added to my position in LRCX yesterday at $28.60. I bought back the newsletter shares I sold at $35.00. I also bought back the personal shares I sold at similar profit taking levels. For the traders, I believe LRCX was making a doji where it was down as low as $27.55 intraday but was looking to close up near where it opened to make a hammer doji. If we get the big up day today, then the pattern will complete for a bullish Morning Star doji. Hammer, Hanging Man stockcharts.com Morning Star doji. stockcharts.com What I’ve done is added some TA to the levels I used in the past to buy corrections after taking profits. I’ve found that it has enhanced my results. With this sort of TA, you are often wrong, but when mixed with a “buy back profit taking shares on the dip strategy,” I seem to have increased my overall success when measured against the S&P500. BTW, Maybe you can send me a copy of your investment newsletter as I am interested in reading one. You seems to be now investing in telcom sector. Recently, I have looked into investing in this sector as well. Do you have any opinion on OPWV (OPenwave Systems formerly known as Phone.com)? The company revenue seems to be in growth mode again after being down for almost 2 yrs.. To be honest, the easy money to be made in telecom was invested at the same time the easy money to make was invested for the semiconductor capital equipment sector. My three stocks that I invested in to capture telecom spending were Agilent, Carrier Access and Worldcom. Worldcom was a bust but Carrier more than made up for money lost in WCOM by something like 5 or 10x for me (rough numbers from memory). I was buying Agilent with LRCX profit taking dollars before the market bottomed so I am still a couple of percent down on that one. Currently, I am handling the telecom sector much as I do this semiconductor capX sector. That is I don’t care if I own the top names, I just want some that are of high quality with rock solid balance sheets so they can survive another bear market should one come. I am currently in “take profits mode” where I buy back profit taking shares when they offer me a deal on significant corrections. I’ve actually done very well using CACS for this. I do have one risky telecom stock in the portfolio that is still in “accumulation mode” but people will have to pay to play. Also, it is only for a very small portion of the portfolio where it only adds to overall performance if it does very, very well. If you are interested in a newsletter sample, then please send me a request via email with the information requested here: home.netcom.com I keep all these requests to prove I am not a spammer when I send out updates should this ever become an issue. Thanks again for your opinions.