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Technology Stocks : LSI Corporation
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To: uu who wrote (24302)10/12/2001 1:02:06 PM
From: sea_biscuit  Read Replies (1) of 25814
 
Addi,

What happened to your short position on JNPR at 12.75? I agree with you that the stock was overvalued when you shorted it, but look at what's happened! Another bogus earnings report, and this time people can't even question the numbers, lest they be accused of being unpatriotic! So the stock goes up.

I hope that you weren't forced to buy the stock at higher prices. Longer term, the stock should languish in the low single-digits, but I would rather have nothing to do with it. Patience is the most important thing in this bear-market. Remember the 1929-32 bear took almost 4 years before it bottomed. This one is probably no different.
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