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Technology Stocks : LSI Corporation

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To: uu who wrote (23175)	11/21/2000 8:52:02 AM
From: Jock Hutchinson	Read Replies (2) of 25814

Addi: If only Shane were still around. Once again I apologize and stand corrected. Nevertheless, you are flat out wrong if you think that betting against the house is a suitable way to make money. Every time a market peaks and goes south, we here the same mantra. A better explanation might be that market tops are as difficult to predict for market analysts as they are for the general public. Moreover, analysts in individual markets are much worse predictors of the overall movement in the market's price than are other big picture analysts. And remember Addi, I do know a little bit about predicting tops, since I missed selling my LSI at the very top by one and one half days. And since I trade on a day to day basis, (currently my lead dog is PMCS), I have a pretty good feel for what the overall record of analysts actually is. And I can tell you that analysts' revions of future earnings moves the market. To bet against the analysts' revisions would be foolhardy. If you believe otherwise, you should subscribe to Zack's Investment Advisory Service, which has a record that cannot even be emulated by Value Line. And Value Line ain't chicken feed. my.zacks.com

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