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Technology Stocks : LSI Corporation

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To: Tony Viola who wrote (13006)	6/12/1998 6:57:00 PM
From: shane forbes	Read Replies (1) of 25814

(np) Tony: There now I'm happy. Now tell me when the market rebounds - this (market movement) is water torture at its finest. FWIW I'm a believer in small caps - they may never go up as big as the big caps because no one wants to buy them - but plenty of good values and plenty of earnings momentum - and they got thrashed more than the big caps - no currency effect exposure - I thought mine were a good bargain a few months ago and refused to sell - they still are a good bargain today - many down 25-30% since then (WDC does not count - I've relegated it to the 'never look at it until Jan. 1, 2000' basket) - I think this is the first time in the last 2 years that I can remember blind panic and complete lack of reality in stock pricing (esp. techs) - I did not follow the market in June 1996 - this is a lot worse than Oct. 1997 - then we had a one day clearance of over-valuation - amazing what's been happening today - if the world does not end, there will be many people looking back at today and saying I wish I'd bought in June 1998 - or so I think - in the meantime the disastrous news will continue to come in... OK yes I do have a bit of a temper <g> - there I have admitted it to the world... Shane.

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