So, you are thinking of waiting until I get wildly bullish?! I have just two words for you -- "Forget it!"
Let me tell you this -- during the next down cycle (whenever it happens), LSI could conceivably be selling at about half the price that it is at right now, if not lower. So, no matter when you sell, you will be a winner, as long as you're willing to wait until despair hits again. Obviously the longer you hold during the up cycle, the higher your gains will be (assuming, of course, that the overall market doesn't tank!).
Let's face it -- this is a company engaged in doing business in a highly cyclical industry, and on top of that, the industry itself is so rapidly changing that today's leaders will be tomorrow's dinosaurs. There is almost no way that I can ever be wildly bullish on LSI -- let alone when it is selling at or near record valuations and is being talked about breathlessly on CNBC and elsewhere. |
