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

To: Tony Viola who wrote (14438)	8/20/1998 12:16:00 PM
From: Hightechhooper	Read Replies (2) \| Respond to of 25814

Tony, I have learned that in this market, fundamentals play only a part in determining stock price. Its all about supply and demand for a stock. Back in April / May I was a believer in the fundamentals based on what I heard during the January and April conference calls,but the trading action of the stock indicated that most people were not believing the story that Wilf was telling (I guess because he has been wrong so many times in the past). Then, it slowly started to become clear that wilf was indeed wrong again and the fundamentals were actually deteriorating and not improving as he suggested. Now the stock is getting hit by the deteriorating fundamentals PLUS the emotion of institutions not wanting to hold a stock where managements track record in doing what they say they are going to do is so bad. This double whammy is driving the stock to levels that were unimaginable just a few weeks ago. I don't think it can go much lower and it will probably even bounce at some point, but I just don't see it getting into any kind of sustainable uptrend until Gresham capacity is aborbed and CONSISTENT revenue growth returns. As Montgomery has said, that might take a while. I am sorry that I sucked you into my world of negative posts, but the constant bombardments from Jocko, DavidG and E had really made me very defensive by the time you first posted your thoughts on the symbios acquisition. So I shot at you before I even saw who you were. I apologize for that original exchange, you clearly have much knowledge and insight on this industry and, as a result, your views are very valuable. Good luck with your investments,