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Technology Stocks : LSI Corporation

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To: uu who wrote (7621)11/3/1997 9:28:00 PM
From: Duane L. Olson  Read Replies (1) of 25814
 
Addi, //OT// ASND
Old buddy, it is hard for me to see the positive in ASND for the next several months. The fundamentals are getting worse, and the chart pattern doesn't indicate any near-term recovery. Brokerage house support is also falling. My opinion is that ASND will be quite volatile through year end, and that it is unlikely to have any sustained recovery in that time frame. And it appears there is a significant possibility of still further declines. So, IMHO, Addi, the Risk/Reward ratio is not favorable for ASND. If I were holding the stock, I would be taking some action to cover myself (selling covered calls, purchasing puts, or selling the stock). I can understand why you are concerned. Good luck on your decision...and please let me know what you decide to do.... Also please get additional advice -- professional, if possible. You have a large investment here, and there seems to be no good answer for you.
Again, good luck.. dlo
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