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Technology Stocks : LSI Corporation

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To: michael97123 who wrote (22567)	8/8/2000 6:09:12 PM
From: sea_biscuit	Read Replies (2) of 25814

Even analyst Joseph wouldnt have said that the Motorola news ended the cycle. He said cycle would peak next year. Regarding the debate as to whether the cycle is over or not, I think Bob Brinker said it best on his program when he asked "Who cares about the cycle when your stock has lost 50% of its value in a matter of weeks or months?". (Actually, in LSI's case, it is close to 65%, and the decline from 60 to 30 happened over 7 or 8 trading days). Brinker added that when you see meltdowns in your stock, it doesn't matter what anyone says about the cycle. And I agree fully with that. It doesn't matter as to whether the cycle is over or not. Stock prices in cyclical industries can peak well ahead of their financial cycles. The present semi cycle might well have another year left but that is no assurance that the stock will make new highs, or even get anywhere close to its previous highs. The point is -- when the valuations get to nosebleed levels (there was a time in late Feb - early March when LSI rose by 50% in just a couple of weeks or even less) you have to take at least some money off the table. But it looks like it is a little too late for some people now.

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