Thing 1 is Lam Research, a Semiconductor Equipment company. I have held it for weeks but given the market’s short-term risk profile, am taking well earned profit as I did with its fellow, AMAT. LRCX’s quarter is out and we have our answers. It was indeed correct for us to be bullish on the Equipment sector for Q2’s results reporting.

Thing 2 is Cabot Microelectronics (CCMP), a Semi [manufacturing] materials company, which just had a nice quarter. It’s further below radar than LRCX (i.e. the casino style momos are not in it) and I think I will hold it for a while longer.