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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Foad who wrote (16199)	5/29/1998 4:03:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 68948

Foad, good job with DELL and INTC. Let me get back to you on LSCC this weekend. Later; Clint

To: Foad who wrote (16199)	6/1/1998 2:49:00 AM
From: Clint E.	Respond to of 68948

Hi Foad. >>>What is your view on LSCC?... I'm thinking about averaging down. I would advise against avging-down even at this level. Most of the times, I've ended up loosing more money when I have avged down into a weak stock. I know it could go all the way back to 45 but it could also sink to 25 so why double your risk in the same stock. If this was LU, CSCO, or even INTC, the answer would be different. Last qtr., LSCC's total revenue dropped ~6% sequentially which isn't too bad since the stock was in mid 50s not 70s. It showed ~6% sequential growth in European sales but North America declined by 2%(mostly due to sluggish OEM sales but distributor sales was good). Asian revenue dropped by ~23% since as announced last year, its Korean distributor went bankrupt and SEA sales was soft. As far as this qtr., North America & European sales should be seasonally strong(no exposure to PCs as much as I know, mostly in telecom & comm.). However, I am not sure if they have announced price cuts and how their bottom line will end up.....I know there are some issue with price cuts and expenses related to joint mfring ventures that XLNX & ALTR have taken up. I got out of LSCC at 49 more than two weeks ago when I was told that one brokerage firm re-iterated its buy/st-buy. It was right after AMAT's earnings. Good luck; Clint