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Technology Stocks : LSI Corporation

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To: Jimbo Cobb who wrote (11757)4/22/1998 7:02:00 PM
From: thomas hayden  Read Replies (3) of 25814
 
Many people are asking should I sell, or tomorrow we will probably give some back, etc. I think selling at this juncture would be a mistake. The call volume on LSI has been huge the last week or so. For example 2000 may 30's traded today.(as well as 3500 other lsi calls) For someone to buy 2000 contracts, a dollar out of the money that expire in a month they must feel pretty good about the short term future of LSI. The stock has run up strongly I believe in anticipation of tomorrows earnings. All of the positive activity in LSI's stock suggest a positive surprise.

With that being said when I left the office there was about 7 to 8 thousand shares for sale on instinet between 28 7/8 and 29.
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