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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (7788)	11/14/1997 4:26:00 PM
From: shane forbes	Read Replies (1) of 25814

Hi E! Thanks for the cool-looking chart. About the info. you're welcome. Now about LSI teach me something about volume. I thought low-volume on the upswing was not a confirming trend. On the contrary these "trends" can be followed by sharp reversals on high volume. Crap? Naive. I did consider a small limit order today at 21 but passed. There should be better days. Later hopefully. Yet I have a sneaky suspicion that the AMAT c.call will put a lot of these ongoing SEA fears to rest for awhile (by saying no cancellations yet) and the semis might do a patented 1-3 week surge. No biggie. If they go they go. Little companies are cool. Itsy bitsy companies can be cooler. The reason I do not like them as a rule is weak balance sheets - no margin of safety. For wealth accumulation, ideally the companies I would buy are 50-100 million in revenue, high profit margins, several years of profits and steadily increasing revenue, A+ balance sheets and, in a perfect world, with monopolies or close to it, and share prices under $10. These are the ones that could turn out to be the ten baggers if you're lucky or if you happen to pick bargains in fast growing sectors that get pounded every now and then (semis!).

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