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Technology Stocks : LSI Corporation

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To: Ram Seetharaman who wrote (19284)7/14/1999 7:04:00 PM
From: sea_biscuit  Read Replies (1) of 25814
 

I am trying to figure out at what price I should get completely out (or almost completely out) of this stock. If next year's earnings do exceed the average target of $1.86 and hit $2.00 or thereabouts, then the street will up the 2001 target to $2.80 or so (40% increase). At a forward P/E of 35, that will put the stock price at $98. So, if we hit anywhere between 90 and 100 next year (or sooner, of course), I feel that will be a good time to get out of this completely...
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