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

To: sea_biscuit who wrote (24067)	8/24/2001 4:16:41 PM
From: uu	Read Replies (1) \| Respond to of 25814

Dipy: > ...must say that you are a pretty strange kind of investor. There was this guy who always complained and cried that he never wins the lotto. So one day his friend asked him, show me your lotto and lets see if you have won anything. He replied: "what? Do I have to buy a lotto to win?"! With all due respect Dipy, I may be a pretty strange investor; However considering that: a) You do not act upon your strong pessimistic convictions to short the market, And b) You have no position in stocks such as JDSU and yet aggressively posting/bashing the stock on its thread, then I become a bit baffled if I am really that strange!! Regards,

To: sea_biscuit who wrote (24067)	8/24/2001 5:01:32 PM
From: E_K_S	Read Replies (1) \| Respond to of 25814

OT - Dippy you are making some generalized statement that just are not true.... "...all buy-and-holders of LSI could be celebrating six glorious years of zero returns come October 9. I only hope that they don't get beaten by the mattress once again! ..." In my case, I continue to hold on to my initial investment that I bought on October 15, 1998 for a total cost of $5,561. I sold covered calls three times during the last three years that generated about $4000 in call premium. I currently own 1000 shares which has a value of about $22K. Yes, I have been buying this week and accumulating new stock positions since August 1, 2001. There are always good stocks to buy in any market and only a few times during the year where they become exceptional buys. I believe the next 90 days is one of those times. I have had 30% of my investment dollars in GNMA funds for the past 18 months. I now am moving over half of this money into equities. That is my non-IRA portfolio where I need to generate good capital gains over time as this is the money I use to live on. My IRA account (which is a bit more conservative) is now 80% equities as I have been moving cash each month into an S&P Index fund beginning in July 2001. However, I also continue to accumulate good dividend paying stocks that also show excellent growth prospects. Drug, building materials, oils, and most recently specialty materials. My IRA account is up over 30% this year. My goal is 10% per year for this account. May I suggest you look at GLW and ATI as new additions to your IRA account. My first investment was in 1976 and from 1989 to present I manage my portfolio to generate my primary source of income. Each of the last three decades had their unique economic boom bust cycles for various reasons. IMO, this slow down is no different and may take another 6-8 months before we begin slow growth again. ============================================================ One must look at their investment risk profile when investing in any high tech growth company. As you get older, your risk exposure should be much less. I suspect your view for these types of equities may be biased based on the level of risk you are willing to take. Any company like LSI where their earnings can go from $'s per share per year to a loss is high risk. The sophisticated investor understands the cycle (ie boom bust) and will buy during the bust times and try to sell during the boom period. The key to this stock is our management. LSI is one of a few companies where current management has experienced several of these cycle swings and becomes stronger on each rebound. My bet is that it happens again but in spades. EKS

To: sea_biscuit who wrote (24067)	8/28/2001 2:08:59 PM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

Dipy: The only valid comparison for a cyclical stock like LSI is high to high and low to low, and on that basis, LSI has done a great job of returning on one's investment. If one uses a rolling five year return over the past ten years, the return on LSI has been terrific. Your problem (aside from welching on your bets) is that you want to write the rules on the time period required for holding a stock, and then claim that your method of investing is superior. But there are many other ways in which to invest in the market, and clearly one way is to realize that semi stocks are cyclical over a time period to two to five years, and attempt to make money off of this cyclicality by buying at the lows and selling at the highs. And whether you like it or not, that is that way in which Mr. Soros has made his money--not long-term buy and hold investing like Mr. Buffett. And this is what I do as an investor. I take large positions in semi stocks, and hold them for a period of time during an upcycle and sell them before they have begun to depreciate significantly--or at least I try. To dome extent there is luck involved. (For example, last December, I rolled my losing LSI position at 17 into NSM at the same price, so that I could take a loss, yet retain the essence of my holding. By luck alone, the NSM position is now 13 points higher, and my core semi holding is even over approximately the last year.) But there is also a great deal of skill involved since this sort of trading patterns recognizes that there are two sides to every coin, and that the pessimists like you will have their day in the sun, just as will the optimists like Addi. Regards JH PS> By the way, I would like to remind you that you have spent far more time reminding me about my less than stellar picks of April than I have spent reminding you of the fact that I OBLITERATED you on a bet, and you never paid up.