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Technology Stocks : LSI Corporation
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To: Beachbumm who wrote (16529)6/11/1999 5:50:00 PM
From: rairden  Read Replies (2) of 25814
 
Reached my 6-month target 4 weeks early.

Usually expecting a run-up just before earnings, but might be
a little high here already. Maybe people foresee a blow out
this quarter. Analysts still predicting 20 cents/share?

Last year 2nd Q was 23 cents but beginning a bad slide into losses.
This year it's just a question of how steep the gains will be.

I'm inclined to agree with Howard (reply-18812) that LSI is
currently a momentum play ready to fizzle. Longterm I'll agree with
Addi's 100+ target, but don't know what that's worth in 2002 dollars.

So, do I follow Dipy, take some gains and reduce my exposure;
or take DavidG's advice and sell covered calls?
Or just sit tight and close my eyes over the next month or two.
Big ups and downs surely tempt one to become a trader,
market timer, or options player. I need a vacation...
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