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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?


To: uu who wrote (19168)7/1/1999 1:11:00 PM
From: Moonray  Read Replies (1) | Respond to of 25814
 
Well, assuming you want EVERYONE'S advice, I would say that short-term
you are buying high. In the long run LSI will go higher, but I think
you can purchase LSI cheaper than $46. Just my 2&cent.

Any advice before I actually do it?!

o~~~ O



To: uu who wrote (19168)7/1/1999 1:19:00 PM
From: Howard S.  Respond to of 25814
 
Addi ...

I personally hold a great deal of LSI and think it is going higher. Based on your previous comments, I assume you are in a similar situation, even though you may not own any in your IRA account.

A bit of investment advice given to me a long time ago may be appropriate if that is your situation. That advice ... "Give yourself two chances to be right."

I hope LSI goes to 100. However, it's not the only investment alternative you have. If you have a second idea, a more balanced approach to your overall situation is probably better than segregating your thought process by account. That would be true whether your talking about LSI or any other stock. IMHO.



To: uu who wrote (19168)7/1/1999 3:27:00 PM
From: sea_biscuit  Respond to of 25814
 

Any advice before I actually do it?!


Yes. Don't be afraid to sell this stock when everybody is clamoring for it and CNBC is talking it up big time. An IRA is a wonderful place to catch the long-term ups and downs of this stock.

But to do that, you got to sell! You have to rethink the buy-and-hold mentality, which works great for growth stocks like JNJ, GE, MRK etc., but is a poor strategy when we come to cyclical stocks such as this one.