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Technology Stocks : LSI Corporation
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To: Daniel My Brother who wrote (8887)1/9/1998 4:43:00 PM
From: sea_biscuit  Read Replies (2) of 25814
 
Yes, a 25% hair-cut could happen, even at these levels. We'll see in exactly 2 weeks' time (Jan 22 is the earnings date for LSI).

In any case, what's happening now is for the good. It should test the resolve of "investors" who keep yapping that stocks "go up over the long haul". This will let us see how long their haul is!

What this country needs is a good 15-20% correction. I for one, wouldn't shed any tears at all if the Dow were to go down to 5600 levels (and the Nasdaq to 1000).

Dipy.
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