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Technology Stocks : LSI Corporation

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To: Daniel My Brother who wrote (7447)	10/27/1997 2:04:00 PM
From: shane forbes	Read Replies (1) of 25814

Daniel good luck with your not selling mantra. All I know is that sometimes if you have volatile stocks that are followed by every Tom, Dick and Harry it does not matter what you may think a stock should do if the other 9 folks out there decide to sell. Buy and hold works well with stocks that are not so volatile. I'm watching - as we speak the NASDAQ is down about 82 points and the DOW almost 300. (I think we officiallly have a 10% correction to the bull market now FWIW.) I buy and hold boring stocks or stocks with no institutional coverage or very little. I've learnt about the irrationality of market declines and chose this time to dump first and ask questions later. As I mentioned previously there are many things in the current market psychology that does not bode well for the short term. Heck the DOW is now down 313 points. Maybe we get our first half-an-hour coffee break if it goes down to 350 points. Black Monday II? LSI is going lower. I'll buy at some point but not now.

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