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Technology Stocks : LSI Corporation

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To: country boy who wrote (17229)	3/2/1999 10:10:00 AM
From: FNS	Read Replies (1) of 25814

country boy: Patience friend...charting is not a scientific method: Re: >>I still see 28 as having stronger support and 30 as the breakout, not 29 (how do you see differently?)<< Using Point & Figure charting: LSI broke a double top at $29.00. Has held up very well with regards to negative impact from INTC, and tech market sell off due to DELL and CPQ...quite possible that 23 double bottom could be tested... A move to 30 would take LSI to new yearly highs. (HOWEVER: 22 breaks a double bottom and would be a stop loss point.) Yes, you could have shorted the stock and done well...you could have shorted and then no get back into in time, also!!! If you're not a day trader, then no sense to scalp for a point or less...if you're a day trader, then good luck! Quite frankly, I envisioned LSI tanking to 23-24 on INTC news...but now think INTC is getting to be a BUY>>> should INTC drop to 106-112, then it may rally hard and push LSI, also... but only my opinion. Am long LSI at this time. good luck, FNS

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