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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (19969)9/17/1999 3:20:00 PM
From: MulhollandDrive  Read Replies (1) of 25814
 
E

Exactly. That's my point. The latest upgrade 12 MONTH target is $70. I think I agree with Tony, if it doesn't get any further upward revisions from the analyst community, I think a correction is in order. Who in the world wants to buy into a tech stock with a one year price target merely $10 over the current level? All it takes for a stock to drop is a lack of buyers. Would you realistically be a buyer of a stock going into Oct. if it is perceived to be fully valued? All of the holders who have been here since the stock was in the 20's & 30's need not worry, but I'm new. My cost basis is about $55. I'm starting to think more & more I'll probably be sitting on dead money if I hold....(or worse).....

bp
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