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Technology Stocks : LSI Corporation

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To: John Koligman who wrote (14600)	8/27/1998 3:07:00 PM
From: DanZ	Read Replies (1) of 25814

John, Yes, I remember you from the DSC thread. That was a favorite trading stock of mine for a while. I bought LSI at what had been support at 18 1/2 the night before they warned and got burned for about a $2 a share loss overnight. I sold it at 16 1/4 if I remember and then day traded it a few times. I'm not currently holding a position in LSI, but more because I'm in other stocks and have taken a beating the past six weeks. We may be seeing a capitulation today that will get many of the sellers out. Watch 226 on the SOX. If it tests that and turns down again, that's bad. If it closes over 226, then we may have seen the bottom in semis today. From a broader market perspective, the important number is 1056 on the S&P 500. I think a close over that would signal a trading buy. Best of luck, Dan

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