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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: The Flying Crane who wrote (48258)	3/1/2001 11:12:10 AM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Some techs are already bargains on fundamentals. Look at LSI today down 6 points in a week down to 13.3 PE, and look at its numbers. "LSI is a leading supplier of communications chips for broadband, data networking, wireless and set-top box applications. For the fiscal year ended 12/31/00, revenues rose 31% to $2.74 billion. Net income before accounting change rose 49% to $236.6 million. Revenues reflect increased demand for communications and network applications, particularly broadband and networking components. Earnings also reflect higher gains on the sale of equity securities." Tell me this isn't value.

To: The Flying Crane who wrote (48258)	3/1/2001 11:13:33 AM
From: Kanetsu	Read Replies (1) \| Respond to of 57584

Some of Warren Buffet's greatest successes were when he exited the markets for long periods of time. I noticed Warren has been buying a lot of companies lately, but they sell paint or furniture, not microchips. I don't think Buffet has ever owned a tech stock in the last 2 years, and he took a lot of crap for it from the "the bull market for brains" crowd. Wonder if techs will get low enough that even he would consider them a bargain. Of course Warren can't be that smart, he wants to give most of his fortune to the government when he dies. SANG has held up well lately, been bouncing between 10-11 for forever it seems.

To: The Flying Crane who wrote (48258)	3/1/2001 11:14:24 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Crane, You have completely missed the point of my post. I am not saying that Wall Street is going to make an about face overnight. I give no timetable. But when they do make an about face, it will most certainly be marked by the items listed in my post. The mention of the scheduling of release dates for multiple IPOs is just one of many subjective indicators that the manipulators are ready to take the markets higher again. This is nothing new.