Scott, as strange as it may seem, I just got your message of 3/28/96. Somehow my internet provider "lost" my mailbox for several weeks before restoring it. He had me at wit's end and just about convinced me that the problem was on end before he discovered the problem. But to answer your question, I haven't cut bait and I did not buy any shares when it got down to 4. I originally purchased a 100 @ 9.625 and another 200 @ 9.125 in Sept. or Oct. 95. When it hit 5.25 in Jan.? 96 I bought 200 more to average out @ 7.875. I was tempted to unload recently when it got around 6.5 but decided to wait to see if semis as a whole would continue the rise. It didn't. Right now with the dismal 1Q results driving shares down I will continue to watch and see if it dips below 4 again. If it gets near 3.5, and it just might, I think I will have to go w/ 500 shares. That would put me @ an avg. cost of about 5.75 w/ 1000 shares.
Considering the lack of demand, falling prices against excessive inventory, cancellations, retooling cost and the production restraints therein, LOGC was still able to match 1Q 95 (if you can accept the unaudited financial statements). 2Q should be at least a little bit better than this Q, and 3Q should be very good to LOGC and other semis as demand for semis should be real strong. 3Q could easily bring LOGC back to 7 or 8 and then I think I would part with it. |
