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Technology Stocks : LSI Corporation
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To: shane forbes who wrote (7751)11/12/1997 12:13:00 AM
From: synchro  Read Replies (1) of 25814
 
Actually bad short-term timing is my middle name. For example, I bought Citicorp @ 14 back in 1990, saw the stock go to 10 for a scary period. Bought Borland @ 9 a couple years back, saw it go to 7, rode it all the way to 20, THEN thinking it's safe to add more; the stock promptly detonated back to 7.

Citicorp, of course, had a happy ending. But when I bought in 1990, I was totally oblivious to the fact that it was technically insolvent. I only bought it because we bank over there. How's that for investing: investing in a teetering bank that also has all your family's savings. Now THAT's double or nothing.

Borland is still a work-in-progress. The stock has rutted in my portfolio for so long that I sort of block it out. Now it's back to 10-11, making yet another gallant run (hopefully not for the hill). It's only because that I faithfully upgrade from Turbo Pascal 3.0 to Delphi 3.0 that I've kept the stock around sort of like a war wound to strut around to scare little children.
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