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Lam Research Corporation Message Board

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  • btexmc06 btexmc06 Oct 11, 2006 4:17 PM Flag

    just shorted 3570 shares around mid $ 48 ish

    ummm, just to give you a heads up. LRCX is a high odds move to the top of the monthly bollinger band now at 53 and change. From there expect two to three weeks of distribution and then a retracement to the weekly 20ma which is UNDER the 34ma, this suggests intermediate technical weakness. Expect ursus anal pucker up to 53.20 at least. good luck.

 
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