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Technology Stocks : LSI Corporation

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To: frank/fla. who wrote (14263)8/18/1998 3:16:00 PM
From: Jock Hutchinson  Read Replies (2) of 25814
 
Frank: As you now, I have challenged K on a number of occasions as to what constituted institutional selling. Only in the week prior to the earnings CC did I see significant institutional selling moving the stock from 24 to 20--the move from 29 to 24 was primarily lack of buyers in a bad semi market. But in the past two hours we have unquestionably seen a big institutional dump. It is far and away the worst dumping in LSI since last October. It is outright ugly. There is no positive scenario for this.

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