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

To: E. Graphs who wrote (7750)	11/12/1997 12:26:00 AM
From: shane forbes	Read Replies (1) \| Respond to of 25814

Hi E!: Agreed Mr. LSI's pulse is faint. Must be the high cost of R&D and the red meat. Too much anticipatory celebrations that did not pan out - the stress must be unbearable on the old ticker. Like you I've been cautious these last few weeks. Trying to pare down the number of stocks I own. I was beginning to look like a diversified mutual fund a few weeks ago (20+ stocks!). Aiming to bring number down to under 8 - maybe 6. Concentrate hard. Today was a bizarre day in the market. I do not know if it was the fear about the Greenspan shindig (if he does not stay pat we are all in big trouble). Agree also with you that we will see a rally if and when FOMC news comes out. The volume has been too light in the market the last few days. Not totally certain we'll see a selloff in the morning though. I think the buyers are itching to get back in. The last couple of times on days like tomorrow the market has been quiet. Have noticed your observation on prices coming back to sit just above Miserable Monday's lows. I would lean towards a upside push from these levels for many of the stocks that have fallen back. Why not? If there was buying interest before that turned out to be 20+% gains over 2 weeks for many of these companies I'm sure several traders must be salivating for those kinds of gains again. So the buying interest should be there. (I might get AMAT s/t - like LSI dangerous but interesting. AMAT n/t potential to rebound to 36.) Unless something unexpected shows up. What? Let's see - the Iraq thing - probably a bluff; PPI probably will show an uptick - but consideirng the recent hubbub about deflation maybe won't mess up people's minds or buying tendencies; Hong Kong giving in and floating currency - would be a disaster if it happens I think because no one expects it to happen but still you never know - those currency traders are a shrewd bunch... Don't see LSI hitting 25+ any time soon. Yet 24 1/2 or so is not out of the question I think with any s/t rally. That's about 6% after spread effect. So not bad for a s/t play. But there are more than likely much better plays out there. IMHO. Missed out on CUBE. Made a promise to myself to buy stocks only after researching thoroughly. Also as mentioned above really trying hard to bring the # of stocks I own down to 6. 24 was the magic level for CUBE last time before it moved up to 30-33 range a few weeks ago. This 24 was my buying target. Missed it. Not sure what to make of the semis near term - think the weak hands are pulling out thereby setting us up for a near term rally. Interestingly, saw what happened to INTC today - Kurlak reduces growth rate to 18% from 30% and the stock goes up. How can that be? Shorts? People know the Kurlak game and figure he's ready to put out a buy on INTC soon? No clue. AMAT c.call - don't miss it! Should be a doozy.