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Technology Stocks : LSI Corporation

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To: Moonray who wrote (16927)2/8/1999 8:33:00 PM
From: Duane L. Olson   of 25814
 
O~~~o Hey, that shows the A/D picture pretty clearly. And as you allude to, the A/D is positive only among the Nifty Something. I "love" CSCO as a company. But as a stock, I'd sure rather pay a 30 PE than than the current 120+. If LSI gets back on track as is being assumed, we get the value, but at the PE we like, no?
As for small caps... I have predicted 5 out of the last 2 recoveries in those little beasties. So I own a lot of FUSMX, the Van Wagoner funds, Oberweis Emerging Growth (and Microcap)...etc, etc... It's like being a Cubs fan -- WAIT TIL NEXT YEAR! <g> But I share your thought... the next correction is going to hit the "big guys" quite a bit more than the already beaten small caps... at least that's the way I'm betting.
tso
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