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

To: uu who wrote (10522)	3/4/1998 4:20:00 PM
From: RFF	Read Replies (1) \| Respond to of 25814

Nice rally in the last hour of trading today. Wonder if people are starting to think about the possibility of STB contracts in the near future. Or maybe they just think its been punished enough. After the bell, First Call came out and reduce their estimates for the entire S&P 500. In the interview, said techs have been revised down the most over the qtr - with semi companies as a group actually expecting negative growth. Wonder how this will impact tomorrow?

To: uu who wrote (10522)	3/4/1998 5:14:00 PM
From: sea_biscuit	Respond to of 25814

So tell us, are you trading this stock?! I dont think so! Well, you found it convenient leave out this line from my posting, didn't you? -- "...Not frenetic trading, mind you, but just 2 or 3 well-defined buy/sell activities in a year". You know as well as anyone that this is exactly what I have done with this stock. If I was the type to set an arbitrary target of 75 or 100, I would just stay away (and go to the beach!), instead of agonizing over every eighth of a point down (these days, it is the sixteenths, isn't it?). No, but I can tell you most other high techs (and especially semis) did hit their all time high P/Es of 30 and more during this past rally when they (along with the overall market) set new highs or reached very close to their old highs. While LSI remained well below its all time high (or for that matter 26 weeks high)! That is called "sentiment" :-) LSI was priced to perfection when it was at a P/E of 30+ and so are a few other tech stocks right now. Investors have now come down to earth as far as LSI is concerned. What is so remarkable about that? Happens all the time in the stock-market, if you care to look back more than a few years in time. With all due respect, just for once try to be a sensible contributer who does not behave as "I am smarter than everyone else and I know it all and have learned my lessons, and I am the most logical investor there is, etc."! I have always been a sensible contributor -- I am not the one who would say things like, "Ooooh, baby! More volume! More volume!" (Please note I am not saying you say things like that :-) ) I lay no claims to being the most logical investor. However, I do state what seems to be the most logical thing for me to say, given a situation. Dipy.