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

To: Jock Hutchinson who wrote (15552)	10/8/1998 8:15:00 PM
From: sea_biscuit	Respond to of 25814

Hey! I mentioned sectors other than food! Didn't I? And if you think that 3M is just a "scotch tape" company, well... what can I say! :-) Besides, I am not the one who doesn't have a weighting in tech stocks! It is you (or Addi, to be precise) who doesn't have any investment at all in non-tech stocks! Big mistake! And a 20% representation for tech stocks (i.e. 3 stocks in a 15-stock portfolio) looks just fine to me -- it will prevent me from chasing the Yahoos and the Dells just because their prices have gone up, and instead keep me in more stable territory in the company of more solid performers like HP. Dipy.

To: Jock Hutchinson who wrote (15552)	10/8/1998 8:42:00 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 25814

Terrible LSI is right in the middle of the pack versus your you'll be glad you did picks. What you don't understand is that an investor like Addi didn't buy LSI at the 1992 lows! He bought it at the 500% appreciation level (or thereabouts). If, instead of LSI, he had bought any of MO, CPB, MCD, MMM, PEP at that time, he would have been better off now! Or if he had spread the money around on all of them, including LSI, he would be in reasonably good shape now. And mind you, it's not that those companies haven't had any problems in the meantime. CPB has undergone a very painful restructuring, PEP has been pushed to a distant second by KO. And I don't need to say anything about MO! It has been the target of the biggest witch-hunt this decade (until Clinton came along, that is!). And in spite of that, they have been good investments. I am not saying that you have to choose between, say INTC and MO. You don't have to. It should be our goal to have a reasonably compact stock portfolio that can capture all the benefits of a focused approach, and yet provide most of the safety that a widely diversified portfolio can. Dipy.