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


To: Bald Eagle who wrote (14034)8/4/1998 4:29:00 PM
From: Tech Watcher  Read Replies (2) | Respond to of 25814
 
I love a day like today.

LSI performed pretty much like the rest of the market, even though the fundamentals are MUCH better than the market as a whole. I can't believe I got to average down to under 20 a share.

The downturn of the last couple weeks isn't going to affect when LSI gets back to 30. It will still be in 6 to 9 months. There are still some ridiculous valuations out there. I'm happy to see the indexes fall, but I'm a little concerned the SOXX didn't hold 250. Still a far cry from Kurlak's call of 200, but the SOXX had remained relatively stable through most of this down cycle.

Tomorrow will be interesting to say the least.

- Tech Watcher