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

To: John Lengyel who wrote (9421)	2/3/1998 9:14:00 PM
From: sea_biscuit	Respond to of 25814

Start reducing your holdings when everyone gets giddy over the prospects of these investments. You won't be sorry. A year from now these stocks won't be any higher that they are right now. Most will be lower. Very well said. But investors, even individual investors, go through this over and over and over again -- First, they start going 'ga ga' about the stock during analyst upgrades. Any advice to sell (or even to reduce one's holdings) at this point is defeated by the "this time it's for real" argument. Then when the stock price goes down, they bitch about the analysts for "talking the stock up". And things will be quiet for a while until the analysts come back with their upgrades... Dipy.

To: John Lengyel who wrote (9421)	2/3/1998 10:08:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

John: Though I may agree with your MU I still like LSI and ALTR. ALTR is going to be a 2+ billion dollar company in 3 years from now. LSI has simply awesome IP and a spectacular portfolio of future big hits. Further I think "A year from now these stocks won't be any higher than they are right now" is utter nonsense. This point especially just makes no sense to me at all! We are still much closer to the bottom than the top of these stocks over the next 12 months. That's a guarantee. Further on "Can't find a single stock I'd like to buy" just means you haven't looked hard enough. It takes some looking but I've found plenty of tech and non-tech stocks that are well worth the risks involved. If the objective of trading is to make money the last 2 days have proven that you can still make money. But even if your objective is investment for the long term (3-4 years) these prices are ridiculously low. About Prudential they have always been an LSI supporter. At one time I know they owned a chunk of LSI. I don't believe their ratings any more than I believe any other analyst's ratings. In 1996 they had so many buys it looked embarrassing. However, if you're skeptical of the analysts you're talking about then maybe you should be buying. After all the vast majority of analysts have LSI at a hold (guessing 2 buys, 2 outperforms and 14 holds as of a week or so ago). So if you take the analysts-are-BS view then you would view their HOLD stance as a buying indicator. There is exuberance right now definitely but 7-9 weeks ago sentiment was no less extreme in a very negative way. The stocks overreacted in their decreases then and though the last few days the increases may have looked extreme the stocks were pummelled so badly then that using those low prices as a base and claiming that just because they are now up so-and-so % is very poor thinking. This does not mean that the stocks will not go down. As sure as the sun will rise tomorrow the stocks will go down. Tomorrow with Clinton's problem or Asia or Iraq or god-knows-what these prices can turn. The rises and falls in this sector are exaggerated. But that goes with the territory. My sense has always been that with tech investing/trading "if you can't take the heat get out of the water." I could argue that the number of days these stocks trade at their "fair value" can be counted on two hands and two feet. And even though not at all meaningless, fundamental analysis is only part of the story here. The point is even though they're risky these stocks can make you money if you know what you're doing. And best of all I'm absolutely thrilled the shorts are wetting their pants right now. Always good for a laugh.

To: John Lengyel who wrote (9421)	2/3/1998 10:10:00 PM
From: uu	Read Replies (1) \| Respond to of 25814

Oh good... Now at least Dipy has someone who seems to have the same skeptical views as he does! John, you say: > but LSI is not worth $27, Xilinx not worth $41, Altera not worth > $38, Texas Inst not worth $57, Intel not worth $88 and Micron > certainly not worth $38. These stocks need about a 20% pull back to > even begin to look reasonably priced. Momentum investors are always > jumping on to these stocks and then just as quickly jumping off. You may very well be right! But you know what, thats how it is, and thats what the game is all about! LSI may not be worth $27, but currently it is at $27 and who knows maybe next week it will be at $40! At this time there are people out there that think LSI is at least $27/shr and are willing to pay cash for it hoping someone else will buy the shares from them for $40 or more! The point is those who just sit on the side line and complain that LSI is not worth $27 (or for that matter any other stock is not worth paying for it) are simply naggers. If tomorrow LSI drops to $20/shr I can almost guarantee that you will most likely not buy either and compalin that LSI is not worth $20 either and should drop another 20%, and if it drops by another 20% you most likely say again the same thing, etc. Its like my uncle! He never invests in stocks and always tells me if for example SUNW drops to $31/shr then he buys. Back in Otober when SUNW dropped to $31 he said SUNW is not worth $31 and if it drops to $20 he buys! And the same goes with practically every stock... Well... too bad! The point is to make money, you have to participate and believe in the investment you are making. Who knows tomorrow LSI may very well come down to $1/shr! But will you then buy?! Or would you continue saying heck, LSI is not even worth $1/shr! And if you think LSI is not worth $27/shr and should come down at least 20%, then why not go ahead and short it?! Keep in mind bulls make money, bears make money, and the rest are simply either viewers or naggers! Regards, Addi Jamshidi

To: John Lengyel who wrote (9421)	2/4/1998 12:17:00 AM
From: SMALL FRY	Respond to of 25814

Thanks John. There's a lot of companies not worth what the market is paying for nowadays...that's what make a GOOD market. Volatility...love it. Can you imagine being in metals or utilities? I can't. I'll be out of the market in a week! GO LSI!!! Regards, SF PS: Obviously you don't like LSI at 27 (you said) because it's over valued. A simple mind like mine would immediately assume you bought at 18+,19,20,21...if you say NO then I'll say-maybe you need to reevaluate your investment style.