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Technology Stocks : LSI Corporation
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To: Duane L. Olson who wrote (11915)4/27/1998 11:01:00 AM
From: Wolf 2  Read Replies (2) of 25814
 
TSO:

Welcome back! ...however, it is curious that the day you return (albeit in the wee hours) the NAZ tanks. That wouldn't be you taking profits, would it?<ggg>

Maybe I'll move my LSI re-entry point from late summer to later this week! As I recall, we both had only minor monitoring positions till later in the year but given that I entered BB's contest at 38 3/4 (and you're
not much lower), it doesn't really make a lot of sense to forgo the 30+ % projected move between only to stay the course on timing. I'm nothing if not flexible...at least in my trading account :-)

Ya gotta love this market--a couple of months ago SEA was going to end the world and the resulting imported deflation would push us into near depression--now that SEA has proven not to be the apocalypse previously feared, we fear that the FED's 'bias has changed to tightening short-term rates' and that's a valid reason to bail out big time! No complaints here--a great time to re-enter LSI.

Regards,

Wolf
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