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

To: Andy M. who wrote (25081)7/12/2002 3:35:13 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
Andy,

That only makes it worse. At least if you had made that assumption, it would not have been so bad. No one knows what the future earnings streams are going to be. The last 5 years of the bull-market were largely an illusion and those earnings cannot be relied upon. Future earnings numbers will be scrutinized a lot more closely and therefore the kind of EBG tricks that Corrigan pulled will not work going forward. Being sanguine about future earnings is a whole lot worse than assuming that stocks will have to go up because they have gone down.



To: Andy M. who wrote (25081)7/12/2002 4:20:24 PM
From: sea_biscuit  Respond to of 25814
 
Wow! LSI up over 3%. Must be the beginning of a new bull-market! ;-)

(Every uptick is religiously anointed as the start of a new bull. Actually it is the same old bull!).

So, looks like the frogs are comfortable at 7 - 7 1/2 levels (LSI) and at 1400 (Nasdaq). Time to turn on the heat just a little bit, perhaps. Maybe they won't jump out even at 6 - 6 1/2 and at 1100-1200 provided the knob is turned slowly enough, eh?! ;-)


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