LRCX - looking for deep discount under $80Lam Research CorporationBATS:LRCXOtradehouseI posted notes about GOOGL, ASML and AGX. LRCX completely slipped my watchlist until I was reviewing today’s sell off in Semi’s. This stock is very volatile, but overall trend is up to the right. it sells and services equipment to chip making companies, “computers brain making hardware” Stock went up 4.5x since April ‘25 lows to Feb ‘26 high. Since I am expecting huge sell off in the market, this is another prime candidate to buy on the huge discount. Why I think it will be a no brainer buy: SPY essentially topped back in Oct 29, and made marginally higher highs since then until actual top on Jan 28. LRCX? Went up over 50% between Nov 3 and peak in late FEB! What does that mean? While smart money was rotating out of risk assets before SPY actual top they also were buying LRCX. I am expecting stock drop due to “temporary”global meltdown, not due to actual business deterioration. Demand for semis while cyclical is not going away long term. If supply chain is distorted enough and global economy sees meltdown due to political instability + high oil prices/recession + security concerns semis will be taking a big hit. How far can stock drop? Far. If we truly see Covid like sell off in markets, LRCX could potentially go below $80. Also daily chart clearly shows head and shoulders structure. Since SPY topped in Jan 28, LRCX has seen higher volumes on bearish candles and light volumes on bullish days. That alone signals near future lower prices, obviously not $80 low, but low enough (~$140) that it could overshot in case of panic to $80. I am looking forward to buy it on sale.