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Technology Stocks : LSI Corporation

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To: SMALL FRY who wrote (9419)	2/3/1998 8:55:00 PM
From: John Lengyel	Read Replies (4) of 25814

It may take a while for the market to recognize it but LSI is not worth $27, Xilinx not worth $41, Altera not worth $38, Texas Inst not worth $57, Intel not worth $88 and Micron certainly not worth $38. These stocks need about a 20% pull back to even begin to look reasonably priced. Momentum investors are always jumping on to these stocks and then just as quickly jumping off. Start reducing your holdings when everyone gets giddy over the prospects of these investments. You won't be sorry. A year from now these stocks won't be any higher than they are right now. Most will be lower. The whole market looks overvalued right now. Can't find a single stock I'd like to buy. Usually means it is a good time to sell. By the way, LSI is one of Prudential's clients. That is LSI uses Prudential to issue new shares and attract buyers.

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