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

To: sea_biscuit who wrote (7485)	10/28/1997 1:40:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 25814

Dipy 35% down is about 5,350 for the DOW. That seems a lot. But would more than likely bring valuations to an acceptable level! I think today saw droves of institutional selling, interviews suggest that the average small investor is unfazed. If the 20% number is the trigger (and who could doubt Neff!) no doubt about it this could get very ugly. If that happens I'll buy the solid low$ (not penny) small cap companies and might forgo the LSIs of the world. If and when a turnaround were to come, those low$ small caps will return 300%+ over a year or so as long as the fundamentals for the economy (and the company of course) have not changed. What's your guess on LSI's low? (one more quickie: If Hong Kong succeeds in defending its currency it'll be a miracle. I don't think it will happen. In fact when you see press releases about how the Hong Kong gov't "vows" to defend the currency you know the end is near!) see ya.