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Technology Stocks : LSI Corporation

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To: uu who wrote (14084)8/6/1998 12:26:00 PM
From: Hightechhooper  Read Replies (2) of 25814
 
Addi,

You know I use to be a BIG LSI bull just like you, but times have really changed and now, as you know, I don't see any way this stock gets into a sustainable uptrend until the issues raised by Montgomery analyst Jonathan Joseph are resolved. I have provided the details in many past posts and if you look at my posts following the conference call you will see the tangible reasons I feel the way i do about Q4.

I know you are in a big loss position and I don't know what I would do if I were you. I don't see lsi going down too much from these levels, I just don't see it going up too much either. If all works out well, maybe a year from now it can start to move sustainably higher. Between now and then if it shoots higher on the heels of a semi rally you may want to consider taking some of the money off the table and trading with it or investing it elsewhere and then get back into lsi on another inevitable dip. Those that believe the semi industry is strengthening substantially from here, don't know what the hell they are talking about. it will be a slow recovery, likely preceeded by a recovery in Asia. As you probably have heard, csco thinks that will take years not months.

I wish you luck and the negativity I express towards others is in no way directed towards you. I feel for your current position and I really do hope things work out for you...again, good luck
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