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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (8259)	12/10/1997 4:45:00 PM
From: RFF	Read Replies (1) of 25814

To those on the bullish side of the bet: LSI Dec 25 calls selling for 1/16 - could pick up the equivalent of 10,000 shares for only $600 - only got a week and a half though. A little enticing though - kind of like playing the lottery, small outlay for a small chance to win big. With everybody hating tech stocks, maybe we've got alot of the selling out of the way over the last couple days - NASDAQ down over 50 points in two days - thats over 3%. Looked like some strength coming back into the market in last 1/2 hour. I'm have fun sitting on worthless Jan 45 (figure good tax loss for next year) and April 35 calls - was waiting for that bounce to $27 to sell the 35s, but looks like I'll be waiting for awhile now. Think I'll starting writing covered calls and use the proceeds to accumulate more stock at these levels. On that new capital equipment from SVG - if they can't put together designs that take advantage of their current high-end chips, why do they need to move to .18 micron? Just a thought - remembering how the CEO was saying that chip advancement is outpacing design possibilities. RFF

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