Its always hard to try to find the exact bottom of a stock, but I think we are definately near the bottom as of now, so if you are a proponent of this company it may be a good buy for you now, if you are a long..
You say:: > Dumped my LSI at 28.75 on friday for major loss & will be back at 20-22 range
Did you know that unless you buy after 31 days you sold your LSI shares you can not claim any of your losses to IRS?! Therefore you are betting that in 31 days or more LSI will be trading in the $20-$22/shr.
Well to that I say Good Luck because you are going to need it.
May my farts be your savior in trying to be a smart-ass and timing the market!
Ah, value is a funny thing, I bought today at 26 1/4
If you think that all stocks have to follow the indexes you should probably be all cash and bonds in your portfolio. Intel, Micron, AMD are all down, if LSI shows that it is falling behind then it has further down to go, however if next tuesday the earnings come out on or above target, and if they continue to advise analysts that they are on track for the next few Q's, then I expect we will see a significant bounce.