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Technology Stocks : LSI Corporation

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To: DBrian who wrote (21956)4/20/2000 11:14:00 AM
From: uu  Read Replies (1) of 25814
 
Brian:

> Whats going on with LSI's price

Dont be surprised to see LSI going down big time even when they report a better than expected results!

This market wants to sell regardless of earnings, or whatever other good news. It is a typical of a continuing bull market running into mini bears once in a while.

Thus far practically every high tech Company has reported better than expected earnings (even meeting or beating the so called whisper numbers), and yet upon report the stocks do sell off big time (by the institutions). From SUNW, to INTC, TO AAPL, to IFMX, to.... I do not believe LSI will be of much different. Exactly how low it will go? Well that we have to wait till next week! I personally am prepared to buy even more averaging up next week after the earnings if the stock goes down.

Regards,
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