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

To: sea_biscuit who wrote (24190)	9/24/2001 4:55:17 PM
From: BWAC	Read Replies (1) \| Respond to of 25814

< But I was talking about those who think LSI will double in no time > Hmmm. Trade here at $5 cost, trade there, sell a covered call option for 7 to 10% a month, Get out, get in. Double in no time at all. Reinvest your profits (if any) and it might triple or quadruple in a year. While you're busy telling everyone what they shouldn't do or can't do or will lose doing, Others are simply out doing. Literally and figuratively. Or one could just buy now and sit and wait for earnings to return to a 25 cents per quarter run rate, and LSI to hit a 30 PE. Then sell if valuations concern you. Might take a while, might take only a quarter. By the time you know for sure earnings are returning the price will already be adjusted. Semiconductors are a cycle investment. You buy when the cycle is puking everyone out. You buy companies that are leaders. You buy when it hurts. And you wait for the cycle to turn. You sell when earnings have increased beyond your wildest expectations. You buy back when they have fallen back to losses.