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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (9198)1/28/1998 1:46:00 PM
From: shane forbes  Read Replies (2) of 25814
 
E! Something is cooking no doubt about it. I've been watching carefully the last couple of days. Monday looked like they were waiting for a disaster to happen (or MonikaGate) on Tuesday. It did not. If you did not see my post a few posts ago, check it out - it really appears that there is a sentiment change. Many and I do mean MANY of the tech sectors are showing good recent strength and that only bodes good things. Whether this is the start of 50% gains or not I am inclined to be in the cautious corner. i.e., see this as a s/t ride.

Looks like my LSI buying point is above your sell point!

Re: Nasdaq I would like a close above 1600 and some RSI. But the push has started no doubt about it. Now we have to see if this can be sustained over the next few days or whether come Friday the cowards jump ship like rats on the titantic. (smart rats)

One good aspect about MonikaGate is that I now look at the SEA stuff and say to myself "Yah Whatever!".

What did you do with zippy/jazzy IOM? Looks like a severe overreaction to my naive IOM-untrained eyes. Have not done any research but inspite of challenges they still appear to have considerable mo in the drive market. Maybe once again the product transition thing is hurting yet another tech company. Those new Zip drives have to come down in price me thinks. Or clik! has to sell or something that will trigger enormous growth. Interesting story in techland yet again. Probably getting safe at some point for a 1 point bounce at least.
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