Very true. You really can't lose buying LSI now at $23 if you are willing to wait up to 2 years for $50 no matter how low it dips.
However, knowing that would be of little consolation to me if I bought at $23, then LSI says something about revenues weaker than expected in this qtr, and we see $16. Or year end tax selling gets carried away, as it often does, and LSI tanks below $20. I'm not saying either will happen, but if either did, buying at $23 would be viewed in my book as a premature buy, which is my biggest weakness!
Most likely, though, LSI will start making up ground pretty soon, and I'll miss out like usual. 8-}
-John Dodson |