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Technology Stocks : LSI Corporation

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To: Wolf 2 who wrote (12999)	6/12/1998 6:00:00 PM
From: DavidG	Read Replies (2) of 25814

Wolf, Yes I am holding up good. At one time I was long LSI for 2/3 of the maximum which was a lot of money but decided to change that strategy for these turbulent months. Instead I bought half OCT in the money calls and Half just out of the money calls(20 and 25s) and decided to go for 2 times the maximum I would normally buy. I can sleep at night and yet have a great position. I am playing for a big move during the end of the summer. I am already ahead on the deal because I did this when LSI was at 21 and I have since then bought another third in options yesterday and today. So all I need is a 4 point move sometime before OCT and I think I did much better than holding the stock and the potential risk that comes with it. I am becoming more convinced of a big LSI move soon by the intraday trading I have been noticing lately. DavidG

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