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Technology Stocks : LSI Corporation
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To: Uncle Frank who wrote (13590)7/16/1998 11:29:00 AM
From: Hightechhooper  Read Replies (1) of 25814
 
The amount of stock available for sale is amazing even to me...almost 5 M shares traded in the last day and 1/4 and the price is at 23 13/16. In this euphoric market environment and after such a long basing period this type of volume should have moved the price significantly higher. A significant amount of the volume is institutional in nature but it seems to be going from one institution to another, rather than instituions accumulating the stock from smaller investors. Given the very low institutional holdings to begin with, this is very strange.

I have no conclusions to draw from this, but it is very strange and very frustrating that a breakout cannot occur under these conditions. That huge fab sitting there in a slow growth environment must be too much for these guys to handle.
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