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Technology Stocks : LSI Corporation
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To: Duane L. Olson who wrote (8631)12/19/1997 1:22:00 AM
From: uu  Read Replies (1) of 25814
 
Duane:

Tomorrow is the day I will be buying LSI (but not untill 5-10 minutes to the end of the market close). I think tomorrow maybe the day LSI will see its bottom (unless of course next week or the week after they come out with a pre-warning announcement!!!). Assuming there will be no pre-warning announcements my reasons for believing tomorrow will be LSI's bottom (or at least very close to its bottom):

1. Tomorrow is triple witching day!
2. Tonight, Korean market dropped dramatically (as well as its currency by as much as 10% against the dollar!). The opposition won the election, therefore IMF may not give away its assitance to the Koreans that easily!
3. Practically every so called analyst (or con-artist in my view) have basicaly said that LSI is a very very bad stock to hold along with practically every other high tech stock!
4. Tomorrow is Friday (meaning traders do not wish to hold on to their stocks over the weekend)!
5. It is prhaps the last day that those who want to sell for tax write off reasons can do so (especially if they are planning to buy their shares back in 31 days)!
6. You thought the 18th will be somewhat of a bottom for LSI!
7. Tomorrow maybe a very very bad day for the market overall (again due to the South East Asian flue!).
7. I just can not get over the urge to spend the money I have set aside for LSI sitting there without buying anything else! So I have to use it to buy LSI!

Your thoughts as always are greatly appreciated.

Regards,

Addi Jamshidi
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