E., check it out! From a technical standpoint, a monumental week.
The long-term downtrend bounded by LSI's highs of 62 in Sep '95,
47 in May '97 and 30 in Feb '99 has been broken. Whoda thunk?
askresearch.com
Yes, MACD and Stochastics show that the current 35 has been
overdone in the short term, but any stock that has more than
doubled since the start of the year:
askresearch.com
should be put in the "buy-and-hold" category. It is simply to hard
for most people to trade a stock like this, they are not that nimble.
We must entertain the possibility that the stock price is starting to
discount $3.00 earnings in '00. LSI moved up smartly right at the
beginning of this year, not in the spring when earnings became
more visible, whoda thunk? Moved virtually in a straight line to
30 in February, whoda thunk? Stayed under 30 for only a very
short time, whoda thunk? After 3 1/2 years with this stock I'm in
for the long haul, no brief profit taking spells will shake me out.
Geeze I love whoda thunk stocks!
shane, you can STILL have my LSI for 95, but you better hurry!
o~~~ O |
