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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: EACarl who wrote (40650)	10/7/2008 5:46:13 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 95617

AMAT P/S at 2.0, with the stock at $12.40. I celebrated this wonderful valuation, by buying VPJAW (Jan 2011 AMAT $17.50 calls). These are the first LEAPs I've bought in years. I'll sell some more PFE, MRK, and/or GE if I need to, to buy more AMAT LEAPs, if the stock keeps going down. A 10-bagger on cyclical swings is unrealistic. But a double or triple, from today's prices, is reasonable. Assuming the cyclical trough is in 2009, the next cyclical peak will probably be 2010 or 2011.

To: EACarl who wrote (40650)	10/7/2008 5:46:31 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) \| Respond to of 95617

Here is a 5 day collage of the showing the severe downtrend.

To: EACarl who wrote (40650)	10/7/2008 11:19:27 PM
From: EACarl	1 Recommendation Respond to of 95617

Followup to my post for which this is a reply.... Sorry, I forgot to include PLAB in the list. ("Once solid companies in the sector now below $2.") That makes 10. BTW, if anyone can offer me any insight as to what a "reasonable" value for PLAB's "Property Plant and Equipment" is, I'd be happy to listen. It's simply out of whack with every other company in the sector that I've done any basic balance sheet analysis with. Bottom line is with PP&E exceeding the entire net equity, it is eliminated from my investment universe since it leaves me with no idea what a conservative tangible equity figure would be.