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


To: Daniel My Brother who wrote (9385)2/3/1998 3:30:00 PM
From: uu  Read Replies (1) | Respond to of 25814
 
Daniel My Brother:

I do realize that money does not grow on the trees! However, considering that your average share price is at $42 7/8 dont you think it maybe wise to average down now (or even before when the stock was lower)?

I remember first time I bought LSI it was back in 1995 and I bought it at $54 and some change and have beenn averaging down/adding more ever since then. My average share price at this time is at around $25 7/8/shr and of course every 1/8 move downward/upward in the price of LSI and my bottom line portfolio changes dramatically. It has been a bumpy ride (to say the least). But at the end it will be fun!! For now I have been enjoying the upward movement very much - one which I am sure will continue dramatically higher within the next 12-18 months (eventhough it will continue to be bumpy but exciting in a fun way)!

Regards,

Addi Jamshidi



To: Daniel My Brother who wrote (9385)2/4/1998 1:50:00 PM
From: sea_biscuit  Read Replies (2) | Respond to of 25814
 
Don't worry. At some point in time (maybe even during this century!), we will cross 42 7/8...

Your experience illustrates why it is so important to keep in mind that the price you pay determines your rate of return -- the lower the price, the higher the return; the higher the price, the lower the return. It's so simple a fact that one might wonder why I should even say it! But it is indeed funny that very few people think along those lines...

I am one of those who feel that when it comes to buying stocks, a "hard to please" attitude will stand you in good stead in the longer run.

Good Luck.

Dipy.