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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (16402)7/27/2023 1:27:02 PM
From: Kirk ©2 Recommendations

Recommended By
berniel
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  Read Replies (1) | Respond to of 26768
 
Thanks for the LRCX updated chart.

It is scary when something has gone up so much yet keeps forming new bullish patterns projecting it to continue. It is why I take a few profits on the way... It helps lower the fear knowing I've booked a few, huge gains but have plenty left in.

Lam pays a nice dividend, at least it was a good rate near the low, so with those reinvested dividends, its price seemed to tag the ATH before a small pullback today. Perhaps those buying at the end of 2021 and the first day of 2022 when the market peaked are leaving...

I'm waiting for one of those stronger targets to take a few more chips off the table.
.



To: #Breeze who wrote (16402)8/14/2023 10:46:52 AM
From: Kirk ©1 Recommendation

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  Read Replies (1) | Respond to of 26768
 
I think the weekend winds broke the flagpole, but it looks like a nice open gap fill with another down around $565.
LRCX Wave Count Update. Bingo. H&S breakout obj hit. 12 pts from Wave (iii) of Wave 3 target at 725. Breakout from flag/pole supports higher prices. Breeze
I took profits at $720. This week's plan is to decide on a target to buy back those shares... or stay conservative with my deep sea buy back price.