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


To: nipela who wrote (22468)7/26/2000 5:22:19 PM
From: uu  Read Replies (3) | Respond to of 25814
 
This is just amazing. 2 weeks ago LSI was trading at around $63/shr and today it is at $32. This is as if the Company is about to close the shop and file for chapter 11.

Then I look at the stock which was at around $27/shr (pre-split) last October/November,a nd went to $180/shr (pre-split) in less than 4 months! So I guess it goes with the territory. As quick as LSI type stocks come down the go up even faster!

Have been in the stock since 1995, and I bought more of LSI shares today at $32/shr (or $64/shr pre-split) adding to my already heavy stake in the stock which brought up my average share per price tremdnously from $27/shr (pre-split) to around $40/shr (pre-split). With wireless and internet handheld devices expected to start growing exponentially beginning Q4 and with LSI being in a great standing position in the communication and wireless market I feel strongly the stock is literally being given away for free at these levels and all the way under $50/shr.

And yes for the next 3 months LSI maybe dead money, but when the stock starts moving it will be as quick as it has come down within the past 2 weeks.

My wife keeps telling me I should have sold it when it was at $90/shr, and now she keeps reminding me of that. My only answer to her is, lets assume the stock had hit $100/shr today, would we be selling it? And she says probably NOT (in fact most likely not). So then I say what is it to worry about. This is a solid Company in which we have a significant equity position. At some point we may consider selling - perhaps 10 to 20 years from now, or perhaps when our daughter inherits the stock when we are gone she might want to sell the shares. But for now, what is it to worry about. The ride may be wild and bumpy, but the final destination makes it worth while!

Regards,

- Addi