As I type this, LSI is down just a little less than the SOXX, %-wise. Reminder that YTD, LSI is still about a three and a half bagger. Profit taking, Y2K fears (not much of that left though, IMO), year end jockeying, lots of reasons for volatility these days.
The current semiconductor boom duration predictions keep getting lengthened, as heard from Wilf and every other chip CEO that's spoken, and SIA, IDC, etc. It's out to 2002 now, they think. I'm holding.
Tony
edit, may have slipped below the SOXX, but as long as we're at least two years from the perceived end of the boom (if there is a perceived end), and companies make their quarters, these stocks will keep going up intermediate - long term, IMO. When capacity glut starts to show up, or signs of an end to this boom start to show, I'm out. |
