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

To: Kirk © who wrote (4967)	3/9/2004 12:42:07 PM
From: All Mtn Ski	Respond to of 5867

Hi Kirk, Hindsight is indeed 20/20, but one must always make the decision based on the datapoints at that time, so I have learned never to kick myself when that 20/20 hindsight shows up. <g> I don't think we are in for a major market dump, the current administration couldn't afford that, so "they" won't allow it, IMHO. We are merely doing a healthy correction to test support levels, and the bottom one that I see is right around the area of 1900 on the Naz, so I suspect, after breaking 2000 for the second time, we'll probably get there in the next few weeks. If that holds, we should be able to mount a significant move higher to above 2300 on the Naz by summer. That's my sell point, I am expecting the semis to cooperate and Lam should get back to the $35 level and maybe higher. Lam surely has been one of the weakest semi equips lately, and if we do tag the 1900 area, Lam may cross AMAT in the $20/$21 area, pointing to the bottom you mentioned. I'm not picking a bottom here, just an area where one can accumulate, and with something as volatile as LRCX, one has to factor in at least a 10% margin of "error". <g> Anyway, just one man's opinion. A-M-S