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Technology Stocks : LSI Corporation

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To: who started this subject10/8/2002 3:48:34 PM
From: uu  Read Replies (1) of 25814
 
Is LSI about to file for bankruptcy? I do not recall I have ever seen LSI stock re-acting so violently to the downside as it has during the past 3-4 sessions!

I mean, even when the market is trying to do a little bit of rally from an oversold condition, LSI still and very aggressively drifting away to the downside (with record volume shares being traded)! People are literally giving away their shares at any cost now, they just want out - period!

Currently the stock is at around $4.5-$4.6 (which is equiv. of $9/shr pre-split). At the bottom of 98 and during the Asian crisis LSI did hit $9.5-$10/shr briefly. But this time is is breaking that low. Could the next stop be $3.5/shr?

Amazing.....
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