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Technology Stocks : LSI Corporation

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To: sea_biscuit who wrote (23990)	8/16/2001 6:03:36 PM
From: Jock Hutchinson	Read Replies (1) of 25814

Yes Dipy: That is precisely what I am saying. Moreover, I am saying that people today who buy Ciena will see a terrific appreciation in their investment since the last frontier is the last mile's buildout and Ciena has the best product. It is now selling at 30 times nest year's earnings, and that is a tremendous price. Remember thought that tech stocks are cyclical to SOME extent, so I do not see myself holding any tech stock beyond an 18 month time frame. Currently I am slightly below water with my NSM switch from last December, which quite frankly was pure luck. There is no way that I would have guessed NSM outperforming LSI by ten bucks a share from the almost identical price of 17. And this leads to the big difference between you and I, and that is that I KNOW that I am not c great long-term investor. But what I do well is acdept losses and move on, and I not afraid to take large positions on intermediate time period trades that are either long or short. Thus, would I be long on Ciena for today. No way, I will play it over the next six weeks from the short side. However, if the tech market has bottomed, then I will bow out.

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