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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (8943)1/13/1998 2:25:00 PM
From: Mark The Trader  Read Replies (1) of 25814
 
Graphs,

There is still much uncertainty and nervousness in the market , this
little rally wont last long. Yes the techs are very oversold, but
the market hates uncertainty and its only a matter of time before
they trade back down (probably after all earnings are out). On many of my techs I will be writing options a couple of months out and holding. LSI is diversified enough to come out of this mess nicely in a 9 month to 1 year time frame. At current price levels most of these techs are
great buys for the long term. In the interim option writing on rallies
could work out, you wont see a break out on the upside until the Pacific Rim problems show signs of ending..

Mark
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