To: Proud_Infidel who wrote (20084 ) 6/10/1998 4:28:00 PM From: jtechkid Read Replies (1) | Respond to
here comes the panic selling-their is a big difference from the disk drives and semi equip simply in fundamental term semi equips finacially are fundamental still strong.CASE IN POINT-wdc just came out with 100million loss and has credit default. LSCC came out and will earn aroungd 30-35 cents in awful conditions and has a strong book value around 20 dollers. its ugly out their and anything under2book value is a place to look at. also, as i have stated in general this is the weakest time for semi's , the july quarter, nothing really going and europe is historically dead. my pont is this will be the low point in eps with lscc in the group because pc sales with back to school and christmas will drive up capacity at the year end.. what i see happening is we will trade under pressure until june pre announcements are over then we will rally hard like we did in jan and feb-mar of this year as sequential eps and rev will be better than the third quarter. igot some lscc at average price of 27.875 today and think its a steal. klac, the problem with amat is i believe they put a bad spin on investors that will eventually as always pay hard. my point is amat pre announced two quarters but put a backdoor spin on everything so wall street loved it. i would not be shocked if all those boys who put a buy in the high thirties downgrade hard soon. i still like amat 25-30 you will do allright. once again, i covered most my shorts to early. but in investing,short or long, you never get the top or the bottom. also, everybody had a chance to get out all these stocks, the writing was on the wall, but everybody kept staring at the stock screen and amat stock looked good. now, just the opposite is happening as some these get killed everybody is afraid.
