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Technology Stocks : LSI Corporation
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To: Hightechhooper who wrote (13220)6/26/1998 8:41:00 PM
From: Gary L Schultz  Read Replies (1) of 25814
 
K,

I don't see anything positive in your posts. I say this not because you seem to hate LSI, but the fact that your posts seem to indicate that you probably have more money than you do experience in trading stocks.

I personally enjoy your posts. They remind me that there is always a contrary view of everything in life.

However, I think you might be missing the point here. I bought LSI at an average price of 23.75. Intra-day trading on a hot day in June has little relevance to a stocks price on Christmas one or two years later.

Yes, I bought LSI with the intention of holding it - long term. My definition of LT? 1, 2 or possibly 3 years. See, that is what investing is about, for me at least. Heck, I own a lot of shares (>2000) of LSI and I go for a week sometimes without checking the price. I don't have any of those fancy 'lightspeed' quote machines either. What good are they? The information is still too late to make any money from them 99% of the time. If you want to make money, buy good (lsi=great) companies when no one else wants them and then hold them until they reward you properly. Remember, the time to buy is when there is blood in the street - even if it's your own.

I'm curious. What was your position/opinion on IBM several years ago when they were trading in the 40's?

LSI will be higher in the future. Much higher. It is still the premier system-on-a-chip company despite their recent lackluster trading pattern.

I'd agree with you on this if LSI was the only 'dog' in the pack - but they aren't.

Maybe you think the world doesn't need micro processors anymore??

Gary
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