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Technology Stocks : LSI Corporation
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To: Jock Hutchinson who wrote (20159)10/13/1999 7:20:00 PM
From: akmike   of 25814
 
Jock-The volume is disconcerting but looking at the combination of the technical support violated recently,the significant capital gains to protect from 12-15 months ago-purchasers,and the need to correct to establish a stronger base to proceed-IMO this can still be viewed constructively (at least until fundamental information indicates otherwise or we violate the 200-day ema).
Still holding and perhaps buying calls if there is any evidence of capitulation soon,

Best regards,

Mike

P. S. Double Bottoms are very good in the context of such a strong uptrend!
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