Hello Thread. Is this fun or what ? We are indeed going through
some rough waters here, but IMO, it is a healthy thing. The past
few years have been un-real as for as valuations go. All the money
in the world, or the IMF, will not help. The pendulum has swung the
other way and just as we have had market excesses, we now have,
or will have, market shake down's. This has always been the way
of the world, and it will always be so, human nature to over react, in
both directions. Wilf C. understands this as evidenced by his
statement from the S.F. Chronicle, something to the effect of, ( with
a twinkle in his eye, the next three years will be like the 93 to 95
period, remember it is darkest before dawn) pick your own metaphor
here ! Remember that it takes some time to understand the cycle
of things, most wall street hot shots are just kids in their 20's or early
30's who have not experienced a true bear market, like we are in,
so there will be a certain degree of panic, it is this panic however
which create's opportunity. Personally I have been buying LSI since
it hit 13 7/8. I dollar cost my buying, every month, until I hit my target
amount of total investment. This bear will take out the weaker players
and consolidate others, LSI will emerge as one of the dominate
concerns, IMHO of course. This is evidenced by the recent fab
shut downs and the LSI-Symbios thing, or the Atmel-Temic deal.
Well just some thoughts from the peanut gallery.
Hang in there, BTW, I bought more today at 11
Henry
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