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Technology Stocks : LSI Corporation
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To: Moonray who wrote (12375)5/14/1998 5:48:00 PM
From: shane forbes  Read Replies (3) of 25814
 
Well I see LSI slip sliding away on low volume.

Met some interesting manic day traders today while at a local Waterhouse office (I was switching to a Roth IRA to take "advantage" of collapsing market!!!). One guy has been involved with semis since 1978. Very paranoid type. Bought MU recently. Feels (and I agree) if the semis takeoff sometime people like MU will benefit big time (commodity=big advantage in boom time when capacity is scarce).

However one interesting thing he mentioned is the way the big guys accumulate stocks. He says that they buy a few 10s of 1000s then wait for the stock to come back down, then do it again, ad nauseum. So I asked him well how do you know if this is happening? Unfortunately he said we don't.

However it got me thinking - is this the typical way a stock gets off a long term malaise (base) that for instance LSI is in. Up on heavy volume, down on light volume, back up on heavy volume etc etc.

The corollary is that they may be nothing fundamentally wrong with the stocks or the strange pattern we have been seeing with LSI. It could be just that the ("intelligent") big guys are playing us for idiots here? They accumulate in spasmatic (?) bursts and then let it slide and then the little guys sell out on the low volume days and the big guys get in again - I guess this could be happening but how could one check?

Shane. (chip content in consumer devices = LSI's magic secret hand = My liking of LSI)

O and I forgot - he said to watch the revenue (duh!) - more important than earnings in the initial stages of the recovery. Now which semiconductor company is showing gradually increasing revenues???? Hmmmm... L S I

We shall see how the doomsayers react in a few years time...
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