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

To: sea_biscuit who wrote (24165)	9/22/2001 2:50:56 PM
From: Jock Hutchinson	Read Replies (3) \| Respond to of 25814

Dipy: Having checked your record on this thread over the past four years, I am certain that you missed the great move up in the market, and that there was nothing in your remarks at the top of the market that indicated that there was a top. By contrast, I got out of my core position on this stock two days before the top, and I was right to the day about a market bottom in April. Obviously an exogenous event such as the one of the 11th changed things, but I will take my track record of flexible calls over your Chicken Little approach any time. And I remind you that when it came time to "putting your money where you mouth was", you not only got crunched on the bet but you welched on paying it off.That is truly sad.Unless of course you needed to up the Prozac. The "outlook" that you and Andy share is that the US will not win the war against terrorism. Not only will we prevail, but the world and with it the world economy will be better off. Here is what's happening in the world of Islam. Women are gaining more power, and with it the world is becoming more peaceful as it becomes more egalitarian. That applies to such moderate countries as Jordan, Egypt, and Saudi Arabia, but it also applies to countries such as Iraq and Iran. In Iran, the moderates are in control of the legislature, although I will concede that the fundamentalists still control the judiciary and the army. In Iraq, Sadam had no choice but to educate women for positions of authority simply because he lost so many males in the war with Iran. In short, we are becoming a more secular and peace driven society even in the Islamic world. The punks that are terrorists represent the dying gasp of Islam that is increasingly losing its grasp. As such they are very dangerous, but the long term is a better more peaceful more globablly united world, and this is the primary trend. How sad it is that a supposed deep thinker such as yourself cannot even begin to grasp this obvious trend. Five to ten years from now, Addi and I will have fortunes that far exceed our current wealth. You by contrast will still be struggling to make sense of a market that is much higher than today as you continue to do Dipy's version of Chicken Little. Think about it. That's Addi as in Addi Jimshidi as in Middle Eastern Islamic ancestory. Two generations ago, our ancestors weren't even speaking to each other, but today, we exchange PMs about family, stock tips and the like. We have in common our young children and our passion for the market. Yeah right Dipy, the world is a worse place. And by the way Dipy. Why in God's name are you touting bonds? What kind of bonds? US Government? Corporate Bonds? Talk about a disconnect. Given your Chicken Little scenario, this is a terrible time to invest in Bonds. Bond prices are so low because of the absolute security that the US government brings to their issue. That same security is the same stability that is provided to American corporate interests. There is no disconnect or at least not anywhere near as much as you would like to believe. Am I short the market on my trades? You bet. Not proud of it, but we will hit some climatic selling and then have the best buying opportunity of the past 70 years. Will the mix change? Yes again. We will have far more money spent on security systems for one. But those will provide excellent opportunities for growth at companies like LSI as we use the latest in .13 microns to develop high quality biological screening systems throughout the world. etc. etc. Were we arrogant? Hell yes. It was easier for a passenger to get into the cockpit of a place leaving New York than it was for a passenger to get into the front seat of a New York Taxi cab. All of the Boeing 737s in the world shared the same key to the cockpit. There were no peep holes. How did people get in. Through a secret knock that was agreed upon by the pilots prior to departure, and which could be observed by any retrograde moron sitting in first glass. And this after passengers were "screened" by $7.00 an hour flunkies working security at the airports. Those days are over. And with it comes vast new economic opportunities that will provide terrific opportunities for informed investors--not crummudgeons who are perma bears and don't pay up on their bets Thus, the world has changed, but not just for the worst, but in most ways for the better.