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Technology Stocks : LSI Corporation
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To: uu who wrote (10458)3/3/1998 5:14:00 PM
From: Jock Hutchinson  Read Replies (1) of 25814
 
Addi: LSI's NYSE specialist is a superb game player with the size of bid ask postings. Quite often he will move the stock(i.e. the bid ask) by half a point without even buying or selling any stock. He does this for a variety of reasons, including to "pick off" newly posted limit orders. Having traded this dog on a day to day basis for the past four years, I can tell you that the bid ask for LSI is virtually meaningless. However, in broad general terms I will tell you that any daily price differences that occur when LSI is not in synch with the other semis generally is corrected in that same day.
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