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Semi-Equips - Buy when BLOOD is running in the streets!
An SI Board Since June 1996
Posts SubjectMarks Bans Symbol
10921 222 0 LRCX
Emcee:  Cary Salsberg Type:  Unmoderated
Introduction Market Data Compact
In April, under the Tencor thread, I predicted that the semi
equipment stocks would test their January and March lows.

I was merely looking at a TREND since last summer and acknowleging
that the street had a STORY, i.e. semi equips are cyclical and the
boom cycle is ending.

Today's Lam announcement, AMAT's a few week ago, Merril Lynch's new
neutral ratings, and company warnings, in general, in the quarterly
reports have pushed many close to January and March price levels.

I would love to buy about 10 of these companies, right now, but the
TREND and STORY (see above) scare me.

If the negative scenario is played out, semi-equips will report
significant decreases in sales and earnings and in some cases zero
earnings or losses.

I believe the semi-equips will move lower from here in anticipation
of the negative scenario, but I believe nobody knows how extreme the
end of the boom cycle will be.

This will create a GREAT long term (3-5 years; 3-10 times your money)
buying opportunity. I will buy the good leading edge semi-equips
when I can pay no more than 2 times cash and 1.5 times book!

I am interested in critical comments based on empirical data!

Thank you.
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10921I am putting this post here because if what this article outlines actually comesSam-3/26/2021
10920You're probably right. SOX isn't even down to January 2014 levels. [grInvestor2-10/14/2014
10919i think it could get much worse. !!! the blood is just starting to spirt!rsie-10/13/2014
10918Yes, i'm sure that does have a lot to do with the dormancy of the thread.Investor2-8/18/2013
109174 of the top 6 thread contributors no longer post on SI. That could have a lot The Ox-8/18/2013
10916Yes, it's interesting how the thread suddenly died after more than 10,000 poInvestor2-8/17/2013
10915Wonder when this thread would be OFFICIALLY DEAD Or is that DEAD MONEYPink Minion-8/17/2013
10914<i>I think we could see the next batch of EPS upwards revisions in Januaryetchmeister-1/8/2010
10913 Also AMAT is relatively big, which would create some tendency to be slightly lTimF-12/18/2009
10912As Fisher says, the last leg down and the first leg up are driven by psychology Cary Salsberg-12/18/2009
10911Funny how AMAT, supposedly one of the "top companies", had the smallesInvestor2112/17/2009
10910Recent Merrill Lynch EPS forecasts: AMAT FY11 $0.98 ASML CY11 e1.71 KLACary Salsberg-12/17/2009
10909I think we could see the next batch of EPS upwards revisions in January. The punetchmeister-12/17/2009
10908I think we could see the next batch of EPS upwards revisions in January. The punetchmeister-12/17/2009
10907<i>we could be 6 to 9 months from an economic recovery</i> Signs alThe Ox-12/17/2009
10906RE: "But the future of the companies in the years and decades to come is imCary Salsberg-2/21/2009
10905RE: "Now, we are in uncharted territory." Agreed. We could be on theInvestor2-2/20/2009
10904 Sometimes "worse they have ever seen" isn't really accurate, or TimF-2/20/2009
10903RE: "You being so bearish..." I just finished listening to earnings cCary Salsberg-2/20/2009
10902Cary, You being so bearish, We must be close!!!cluka-2/20/2009
10901RE: "Does this qualify for BLOOD in the streets..." NO! TraditionallCary Salsberg-2/20/2009
10900BtB the worst we've ever seen, imo. Not just the ratio but the actual #s thThe Ox-2/20/2009
10899That sounds logical. Best wishes, I2Investor2-11/20/2008
10898Well, I am not surprised you are confused, but I did not say anything about ruleCary Salsberg-11/20/2008
10897Let me see if I understand your rules for this board. It is ok for you to talk Kirk ©511/20/2008
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