Lexicon Marketing Corp


Posted by Admin

Lexicon Marketing Corp

Lexicon Marketing Corp

October 11, 2006

Lam is one of my favorite stocks. I jokingly call LRCX "Kirk's ATM" to reflect how successful I have been with Lam both as a long term investment and trading its volatility for added return.

  • Make sure you visit our LRCX Discussion Forum

I first started covering Lam Research here at Suite101 back in April 1998 in this post. I liked Lam because it was one of the leaders in etch technology, an area of semiconductor processing that I correctly believed would grow much faster than the overall market. I added LRCX to my newsletter Explore Portfolio in late 1998 at $3.33 per split adjusted share. Needless to say, at today's close of $48.12, Lam has been a great investment for me and my readers.

In early 1998, I had established a small position in the stock and, as is typical for how I invest, I was waiting for weakness to add significantly to my position. I made two more buys in 1998 at a split-adjusted price of $3.33 and $4.00. I still own some of those shares today in my personal, taxable account. Over the years, I've taken profits in my taxable account to pay some living expenses. I do most of my trading in my IRA where I can defer taxes until I take the money out in retirement. I will often trade five to ten percent of my shares around my core position several times per year for added return. Due to very large profits in the stock, I may have more tolerance for risk than a new investor so do your own due diligence before buying.