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Lam Research (LRCX 16.64) reported a nickel upside surprise. But CSFB says that most of that is due to a lower tax rate. Firm also questions bookings guidance, noting that company is 0 for 3 this year predicting orders..
It looks like this could move lower after closing at 16.64 on Oct 10. Looks like nickel surprise is a bit manipulated. Expect selling pressure for at least the short term.
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