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

To: Daniel My Brother who wrote (15351)	10/1/1998 2:00:00 PM
From: sea_biscuit	Respond to of 25814

The problem is Addi is in love with LSI stock. I have frequently disagreed with him about this. I have sold LSI at various levels -- 30, 42, 27... and certainly when I sold at 42, I made a very strong case for selling at least a part of one's holdings. And that is exactly what I did for myself, and boy, am I glad I did it! :-) However, Addi had his sights on 70 and (believe it or not!) he said that even if it reaches 70, he will only consider selling it! I realize there are some real blue-chips (like MO, MCD, WMT, KO, AXP etc.) that one should almost never sell. But, for low-grade issues like LSI (no reflection on the company, mind you, only on the stock) one has to sell from time to time. But don't rely on Addi to tell you when to do that -- he is in love with the stock! Dipy.

To: Daniel My Brother who wrote (15351)	10/1/1998 3:52:00 PM
From: rairden	Read Replies (2) \| Respond to of 25814

The whole thread's positive interest in LSI... as illustrated by our little contest where 100 percent of the entries were double today's price, influenced my decision to average down when the price broke 20. Difficult to say whether silicon investor has contributed positively or negatively in my investment choices. It just tends to reinforce preconceived notions, because we gravitate to the threads we agree with. I'm just about out of my trading position in LSI (big short term loss), but keeping my core position for posterity. Nice to have some cash on the sidelines in any October; looking at Vitesse as a trading opportunity with good chance of recouping the LSI loss, or maybe McLeod (MCLD). There has to be a bottom around here somewhere...