Can't believe LSI went below 20.
I'm getting a little sick of this market and the hucksters on TV jumping from wild claims of 10,000 plus Dow to predicting 20% down bear market in one day. First it was Biggs fanning the flames and today Acampora on CNBC. Totally irresponsible.
I have news for all of them Tech stocks that aren't Intc or Dell have been in a bear market since October. This is not new news. You can run a whole list of stocks down way over 50% from their 52 week highs. Start with LSI, VLSI, CS, WDC, CRUS, CUBE, CY, QNTM, SEG, PAIR, AMAT, KLIC, LRCX, the list goes on etc. All good companies trashed. While the new nifty fifty rolled obliviously on!?
And to add insult to injury the perennial money loser MU is over 32.
But strangely enough nobody wants LSI. I do. And I feel better about it after venting some. |
