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Technology Stocks : LSI Corporation
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To: sea_biscuit who wrote (23888)7/12/2001 3:52:08 PM
From: Andy M.  Read Replies (1) of 25814
 
Dipy,

Alternatively, each bounce off of 17 puts a nail in the coffin of predictions that we're going down to 12 or 13 or lower. That's why they call it a support level, no? Today's rally is indicative of a market that wants badly to go up. Time is running against semi bears, though I wouldn't be surprised if we stayed in the 17-22 range for the rest of the year. But you've become an excellent contrary indicator--each drop into the 17 range prompts pessimistic comments about how low we're going to go, followed by a nice bounce in the stock.

Andy
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