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Technology Stocks : LSI Corporation

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To: Beachbumm who wrote (12755)	6/1/1998 9:13:00 PM
From: shane forbes	Read Replies (1) of 25814

(semi-equip summary by Carl Johnson + LSI & market Aug. forecast) Beachbumm: The way things are going for the rest of the sector, though I expect LSI to give in at some point, the silver lining is that I expect to see LSI rebound extremely strongly by early August. Call it wishful thinking. Carl Johnson's recent article: Message 4678439 shane (3 kinds of investors in a stock at any time - s/t, i/t, l/t (ignoring ultra short timers such as day traders etc). You want to buy when the i/t guys have given up the ghost. I figure with most techs s/timers should be long gone by now, i/termers are definitely petrified now - therefore give them a few more days/weeks of fear and they'll resign and only then will all be well. As someone said on one of the other threads and I think here as well, the operative phrase is "capitulation". For instance if anyone is waiting for me to give up on LSI they will be waiting until the cow jumps over the moon. I pick l/t and I wait l/t. The issue is the guys on the fence - the i/t guys - they like the stock but they just can't decide whether to buy, sell or hold at moments like these. Once you sense that they have given up then maybe with a day or two of panic selling in the interim and quick short drops we may be ready to resume a nice 50-60%+ upward i/t advance. [BTW that's what it will take for me to win the mystery prize...] The issue is whether we get the panic drop in LSI - I don't know. Tough to call. The funny thing about the last few weeks in the market is that I actually feel quite comfortable now - a lot and I mean a lot of stocks have got so badly smashed that the "excesses" have been by and large washed out or getting very close. Those damn index funds or whoever are holding up the big caps too high. They'll likely not give up too easily. But I think the time when techs and small-caps (ala Barrons' this week) definitely non-tech small-caps rule the world is not far away. All idle pre-supper ramblings - now off to eat...) shane.

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