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Technology Stocks : LSI Corporation
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To: uu who wrote (10060)2/23/1998 3:01:00 PM
From: Duane L. Olson   of 25814
 
Addi, Old Friend... I think the Moonray and E! have it nailed as regards this pullback....They both identified 24 as key points, and in checking the charts, I see that the lower Bollinger Band is coming in exactly at 24...so that seems a good consolidation target point. There is nothing I can see which indicates lower price points in the near term, Addi. You are aware, I assume, that I sold virtually all my LSI with the intent of picking it back up late this fall.. LSI's current growth cannot, in my current understanding, be rapid enough to justify an overweight of scarce cash.. I'm putting it into other prospects for faster prospective growth hoping to catch LSI this fall before an (expected) large move.. Hope this helps, Addi, O SLB! TSO
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