Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kirk © who wrote (2054)	9/2/1998 4:34:00 PM
From: Duker	Read Replies (1) \| Respond to of 5867

Kirk et. al., Alright. I go on a trip for a few days and look at what you've done. LRCX @ $11 and change? All of you who are buyers at these levels, I commend you. Those of you thinking about it, do some work on this one and get comfortable! As the institutional lemmings continue to throttle the stock -- I know, I recently left one of the(10% owners) that has been selling consistently in the name of becoming "more defensive" & "less risky." Here is a sample of the twaddle with which I dealt in my former life: "Lam is just too volatile, [Duker]. It is just too risky. I think we are better served moving into the more stable/defensive names."[...even though they do not fit our value discipline...and the multiples are inflated...and we do not know the management...and...] "Why do the numbers keep coming down? I just do not see how the cycle turns around [though this person has no idea exactly what LRCX, AMAT, NVLS, etc. actually do for a living]." "I just can not get comfortable with the numbers. There is no visibility." "I agree that the upside is tremendous and the downside is relatively low, but it seems too risky.[?]" "The analyst from [you fill in the name] just wrote a report on industry overcapacity and how utilization rates will not tick up until [2021] at the earliest...He makes some good points...I just do not think the turn will come anytime soon." [This after thorough analysis of 400 words fo poorly written text by some Research Assistant at such and such firm.] These prices are just too attractive to pass up. It seems almost too good to be true. But, frankly, I have done a slug of work on this one and could not be more comfortable. This is truly an opportunity to buy a very good business on sale. This one will taste especially sweet. --Duker