True to forecast, LSI opened low, traded lower. Looks like a possible run down to test that Oct low at $3.97...
I think it will take out the 3.97 figure sometime later this year, with the May-Oct period being most likely when it will do that.
Tech investors have to realize that these tech stocks will keep making huge (percentage wise) moves up and down. And in every rally, they will fall short of the previous high and in every decline, they will breach the previous low. Over a period of time, trading in these stocks will become less and less attractive, and in a few years, nobody will be interested in them. Only the companies that actually make money and mail dividend checks to shareholders will be of any value.
Dividends rule! Deal with that, techies! Gone are the days of smoke and mirrors! The mirrors were shattered by Ursa Major (aka "The Big Bear"). And the smoke, well, the bear simply blew it away! Welcome to the real world! |
