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Technology Stocks : LSI Corporation

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To: uu who wrote (18197)	4/21/1999 9:18:00 PM
From: sea_biscuit	Read Replies (1) of 25814

Addi, It is not just Ms. Klauer. Take a look at the following: biz.yahoo.com When LSI was in the low 20's 3 months ago, only 2 analysts had rated it as "Strong Buy", while 14 analysts had a "Hold" i.e. "Sell" rating. Fast forward to today, and lo! -- surprise, surprise! -- as many as 10 analysts have it as "strong buy", after the stock has moved into the mid and high-30's! And I read here that Fidelity and other mutual fund bigwigs have quietly loaded up on LSI late last year! IMO, most of these analysts' ratings are about as useful as (to borrow an apt phrase from Senator Tom Harkin) a "pile of dung". If they do seem to be right sometimes, it is only because of all those momentum investors, who get interested in a stock once it starts moving up.

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