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

To: Andy M. who wrote (25542)2/7/2003 1:08:05 PM
From: sea_biscuit  Respond to of 25814
 
I agree with that. Once the 3.97 levels are breached, some sphincter muscles will come apart and there will be a quick drop to 3.50 or thereabouts on fairly large volume. From there, we could see a quick, 2-3 week rally to 5+ levels.

But as the favorable season ends (April/May onward), rocky times are in store for the market and for LSI. I would say that whatever low it makes in the next couple of months, it will be taken out later this year. So anybody who buys at 3.50 for the "long-term" could find him/herself in the red very soon. (And in a secular bear-market, "long-term" investing has no meaning anyway).



To: Andy M. who wrote (25542)2/7/2003 5:40:24 PM
From: sea_biscuit  Respond to of 25814
 
At 4.01 now, and at the threshold of making fresh lows. Volumes have increased somewhat... looks like some people need heavier doses of Imodium A-D to keep the stuff inside!

I expect a low in the vicinity of 3.50 and then a rise to 4 and change, possibly close to 5... price-action which would be pretty much meaningless if you bought at 10 or 15 or 20 and just held all along. Then, we will make newer lows come fall season.


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