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Technology Stocks : LSI Corporation
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To: E. Graphs who wrote (7797)11/14/1997 6:18:00 PM
From: DavidG   of 25814
 
Hi E,

I am beginning to feel a little more comfortable with LSI performance in last couple of days. The chart is beginning to look like a classic
double bottom. Although it did not drop below 20 it doesn't always have to.

I too would like to see a little more volume here to give conviction to the pattern. With M.E. and SEA the MMs are moving with caution and may not want to hold too much over weekend. I remember the last ME crisis in 1990. Always got beat up over the weekend. I believe all the bad news is out and now some good news may be taking hold on LSI.
Sign of a bottom.

I liked the DVD postings and the CISCO beating out ASND in network server performance.

Really feel good from here. Better than Pre-earnings release era when good news just didn't prevent LSI from dropping

Good Luck Trading

DavidG
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