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Technology Stocks : LSI Corporation
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To: E. Graphs who wrote (9140)1/24/1998 3:43:00 PM
From: shane forbes  Read Replies (1) of 25814
 
E! yes the mangy bears are going down the laterine pretty soon. Seems assured at this points barring any small anti-miracle. Good point about MA. Detiorating recent behaviour matches May 1996 - Sept 1996 when in Sept it moved over 50 day MA and then in short order 200 day MA. The mangy bears had one last chance with a disappointing Q4 release which did not happen. And gut feel says company specific disasters over the next little while are as expected as tequilla binges in the Middle East. So onward or consolidate. Still a bit tough to call I think one way or the other. Might surprise and just hover around 50 day MA or dip. I'll buy if and when the strength shows up. Such as heavy volume! Have learnt my n/t lesson. If moves don't get accompanied by heavy volume be patient. Usually even if I miss the gain from say 23.5 to 25.5, if it closes over 25.5 or so good chance break of 200 day MA will catapult stock to around 30-35 area. (I passed chance in late SEP even though fingers were itching to buy at upper 29-30 for the same reason. Not much strength. MA trending down. FA uncertainty (relaxed now). Did break 50 day MA at that time as well. But as we know interest petered out like a deflating balloon.) Breaking 35 looks tricky.

Patience Ms. Graphs patience... Since about early Nov there has been no volume in the stock. If this turns then I'm in. Opportunity cost and all.

The semi MA averages are turning no doubt. But not sure if upward mo is sustainable over l/t. Possible n/t gains only I think. Still too much crappiness overall. Mid-Late feb that's the guess of good times based on insider buying.

Do you know what the short interest is these days?
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