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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (6718)4/2/1997 4:25:00 PM
From: Alan Smithee   of 58727
 
Ms. Lisa:

Regarding LSI --

I also had an order in at 7/8 today which, as you say, didn't fill. I've been long this stock for some time and have gotten a feel for its trading ranges. It has the capacity to drop to 32 or so, but I don't believe we'll be seeing that in the near future absent earnings surprises. There is more upside to the stock than downside, but it does not have the big swings you'll see in a bigger cap stock.

Regarding INTC, I am seriously conflicted about the stock. I know Kevin and others on this thread are bearish. Bill Hueb, who tends not to inhabit this thread too much (look for him on Options 30 days or Less or on Option Trading for Pros) sees the stock headed higher. His ability for TA is strong, and he's called the moves correctly on various individual stocks (AOL among them) as well as general market moves.

Good luck with your trades,

DSG
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