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

To: All Mtn Ski who wrote (5396)	10/28/2005 11:05:35 AM
From: Kirk ©	Read Replies (1) \| Respond to of 5867

RE: "Trading Lam in its current range ($26-$32) has been the call this past year. I think the next visit is back to $26, and possibly below that." I trade LRCX around a core position (in my newsletter portfolio and my own portfolio.) I have had much success this year and last after buying a big batch in 2002 that I also traded in 2003. Last buy was at $28.25 and sold those shares at $33.90 My '04 and '05 trades: Date Action Shares Price$ 01/09/04 SELL 200 35.00 01/26/04 BUY 200 28.60 04/30/04 BUY 200 23.50 02/08/05 SELL 200 30.00 06/03/05 SELL 100 31.47 07/26/05 BUY 100 28.25 10/13/05 SELL 100 33.90 There is a rising support line for LRCX forming a falling wedge pattern. It shows indications it broke out of that pattern to the upside and is now testing it from above. With TSMC in Taiwan running at 100% capacity... I can't see how we are at the top of any cycle. So, I'm GUESSING that this test of the breakout is successful and LRCX turns around and goes higher without me being able to buy back my shares.