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Technology Stocks : LSI Corporation
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To: SMALL FRY who wrote (9692)2/11/1998 6:49:00 AM
From: shane forbes  Read Replies (2) of 25814
 
SF:

The problem with the AMAT thread is precisely what you pointed out. I do not think I have a large enough filter to filter all that BS out.

Any way AMAT is a superbly well run company. I think if I were to short (and that's still a big "if"), it would have to be when things settle down a bit because:

(1) Bullish tendencies can lift many a stock that would/should otherwise go down under normal circumstances.

(2) Actually might make more sense to pick off one of the weaker companies in the segment rather than AMAT.

(3) Need to see how market reacts to AMAT announcement in the next few days. Figure that, as a "boundary condition", AMAT just cannot make a new high. Therefore the closer it gets to that $54 area, however small the rise from today's price is, the more favorable the opp. to short.

Of course everything is moot if the stock price tanks today. Should be interesting to see how the market reacts to yesterday's announcement. The thing that's most interesting is the reduction in EPS. (I love the way the bulls are stating that AMAT is low-balling... Yes Morgan's one of the absolute best managers I've ever seen. However he's not going to push numbers 15-25 cents below the pre-release estimates just to be careful! Whether AMAT beats the lower number is beside the point. The business momentum plug at AMAT just got pulled out of the socket today...)

Adopting a wait-and-see attitude!!!

Better to be careful than reckless.
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