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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (4026)	12/20/1997 8:06:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10921

Must Read Check out the Lehman site today and read the updates for SFAM, AMAT, PRIA, NVLS, LRCX, KLIC, FSII, NVLS, TER, SVGI, KLAC, ETEC and EGLS. lehman.com Basically you are going to see some big time earnings downward revisions here for some (not all) of these companies (i.e., AMAT $2.00 to $1.75 and LRCX $1.00 to .55 and KLIC $2.00 to $1.60) because of the analyst's educated guess of what Asia means to each company. The analyst has just "become concerned" with Asia and what it all means after maintaining a bullish posture from the day of the market melt in late October. Some of the analyst's guesses are necessarily based on any management guidance as this is explicitly stated in some of these reports.

To: 16yearcycle who wrote (4026)	12/20/1997 4:54:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 10921

Gene, My preferred approach is to establish a position at a desirable price then not to purchase more unless the drop is more than 20% and the story remains substantially the same. I also believe strongly in diversity. No, I wouldn't buy $30,000 worth of AMAT on every $1 drop from $30 to wherever it stops. If, as some of the bears have suggested, it goes to less than $15, $450,000 in a single stock is much more than I would normally hold. ;-) Now if you have a well diversified portfolio with more than $400,000 in each component, you have my congratulations and admiration. :-) Ian.