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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (10763)	3/10/1998 8:53:00 PM
From: DavidG	Read Replies (3) of 25814

E! I don't know what to say except that LSI looks like it's playing follow the leader with VLSI.<g> I was going to mention that double top too, but you beat me to it. That is why I sold everything at 26 1/4 to 1/2.(Although I bought it back at 25 and sold it all again when it broke support at 24 3/4. But this stock is like a huge magnet...b/c I then bought it back at 22 5/8 and after seeing some selling into rallies over following days I wound up selling at 22 1/2. Well oddly enough, I bought again today at 21 1/4 expecting a support at 21. When I got back to my computer this evening I was amazed to see a new monthly low of 20 15/16. So I am kicking myself in the butt again thinking now that this falling "safe" is going down to 20. This is no different than last quarter, it must be the Kurlak jinx on it and we probably should just get out of the way until there is at least one good bounce. Also those DRAM Co's have to go somewhere and they keep talking ASICs so maybe institutions are starting to believe them now. I think they also believe LSI has no role in TCI contracts(Just an opinion). BTW, I hate to leave you alone in your contest, but I'll definitely take 19 over 27 (even 25 1/4 for that matter)<vbg> DavidG

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