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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (13711)	7/20/1998 9:07:00 PM
From: BWAC	Read Replies (1) of 25814

Early week selling I am not convinced that someone "knows" something about earnings. The selling started late last week which is in my opinion a little early for something earnings related. These things usually happen just a day or two before the earnings date. Not a week. LSI will probably rebound to 23 1/2 level before Thursday's news. It would be prudent to sell covered calls or lighten up some if it rebounds above 23. Although I am concerned about how the selling drove it down to 22 eased off into a rise and then drove it back down to 21 1/2 and eased off again. Someone must be working off a large position. The real selling started around 22 today. I was watching the trades as they went off and it was a fast flurry of small orders that went at 22 exactly. Almost like the stop loss orders were hit. Other thoughts?

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