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Technology Stocks : LSI Corporation
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To: E. Graphs who wrote (13536)7/15/1998 1:13:00 PM
From: Hightechhooper  Read Replies (2) of 25814
 
I would love to be shamed, but right now the only shame I feel is believing that this stock would bounce faster than the sector as a whole. No use getting optimistic about today's move, however. Sox is cruising and LSI was one of the last to reluctantly participate. Heavy selling into the move and large blocks offered at the bid do not bode well for this move to hold. LSI seems to be completely dependant on the sox moving up in order for it to get itself off its butt. I bought thinking they would be more inclined to determine their own destiny so this reliance on the sector moving is not good IMO, especially with all the negative vibes around the opening of Gresham and now Symbios.

Despite these negatives I still have a glimmer of hope that the stock will trade up in advance of earnings next week, so if the sector can lift this piece of dung near 25 before that move than I will be very greatful.
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