bp: I agree. The volume has been significant. There is clearly some serious selling going on, and it LSI goes much lower, there is a story that has not been told. Moreover, some of the companion semis such as ALTR, TXN, and others did somewhat better today. Thus, we can speculate that if LSI falls another ten percent there is something that is amiss and not yet revealed.
Jock and Thread,
I think too much is being read into this. I've been through a great deal of volitility in the past couple of years with tech issues and it has been my experience that FUD plays more a factor in these situations then actual fundamentals. There has been a lot of talk of TA and concern that someone out there knows something to the deteriment of lsi that we don't, and that this recent pull back on high volume could be evidence to that, as mentioned above. I don't agree. I don't see LSI trading significantly different then the rest of the semi's to warrant these concerns. There is no more reason to be concerned today then there was two weeks ago.
As I briefly mentioned, I have been through a considerable number of instances, of widely varying degree, of a stock taking a downward swing and EVERY time there was this same talk. Ultimately, roughly 90% of the time, though probably greater, it was FUD. I have found it is good to have a game plan to help deal with these times. I think if you do the DD, and you have good credible sources that stay on top of the situation, then it is considerably easier to disseminate quality information from stupidity, and sound reasoning from the irrational. In particular to LSI, every thing I can recall reading has been pretty good. There seems to be a number of quality analysts and others(including people on this thread), that stay on top of LSI's situation. I would think that its reasonable to expect that if there was something amiss behind this downturn and it was known widely enough to have such influence on the price, that it would also be known to some of these qualityanalysts.
Just my humble opinion,
-David P.
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