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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (18810)6/11/1999 3:58:00 PM
From: Howard Bennett  Read Replies (2) of 25814
 
I sold today

Too far ahead of itself....it has become a momentum play (nothing to to with fundamentals -- it is amazing what a little air play on CNBC will do for a stock). Hey I'm not complaining.

I'll take 20 to 44 anyday. People buying today have missed the ride. The ride started at $12. Too late.

I expect the momentum to fizzle soon. When the interest rates are hiked.

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