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

To: Cary Salsberg who wrote (5319)	5/3/2005 4:00:46 PM
From: All Mtn Ski	Respond to of 5867

I fully agree that the semi industry should grow faster than the general economy and that within the semi sector, there are sub-sectors that will go better than the overall semi sector. I am glad to hear that you are not just a buy and hold investor, few should be, investing properly, like everything else, takes work and effort to be successful. I'm thinking the NASDAQ at the very least will go and test 1750, the low from August of last year. The market did that without going into a recession. With extra pressures and data, if negative, will send it down to 1500, perhaps lower. Those are the levels I am looking at to get long again, and all that could happen this year. 1500 would be about a 20% drop from here, and as you know, individual stocks will drop significantly more under that scenario. A recession, while a lower probability event, is not out of the cards just yet, IMHO. Certainly if the Fed keeps hiking rates and the long end of the yield curve stays stubbornly low, an inverted yield curve could result and there is no better predictor of a recession than that. The UK has had an inverted yield curve, if they slip into recession will the US follow? Too many risks out there for me.... A-M-S