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Technology Stocks : LSI Corporation
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To: Duane L. Olson who wrote (7620)11/3/1997 3:25:00 PM
From: uu  Read Replies (3) of 25814
 
Duane: <OFF TOPIC>

At the risk of imposing I would like to ask for your opinion. I am invested in ASND 2000 shares with an average share price of around $40.My investment strategy has always been based on long term investing and I really do not care about the short term fluctuations. But ASND has increasingly come to have a huge problem and it is management credebility. When I bought ASND I did an extensive reasearch on the company and came to the conclusion that ASND has great prospects based on their balance sheet, and their share of the market (at the time) and most important of all the management. I am a bit upset (actually very upset) at how they hyped the prospects of the company only a few short months ago, then I found out the insider sellings that has taken place, and now they have come out and basically have said (not exactly in these words of course but the general idea is): "well, we are growing but not as much as we were hyping and saying it publically"!

Investment is indeed very emotion driven and I tend as much as I can ignore all the short term emotions in deciding when to buy or to sell. However I am at the point of dumping all my ASND shares at $26 and some change (the 52 week low!), and bite the 28-29K loss as a tax write off for this year. In your opinion, which I do respect a lot, do you think ASND continues to have a strong fundamental and great prospecst (despite the credebility issues with the management and their insider sellings!)! I really hate selling but I no longer believe in the management which takes away my belief of the company's fundamentals. Your thoughts are greatly appreciated.

Regards,

Addi Jamshidi
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