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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (14640)9/1/1998 4:37:00 PM
From: DavidG  Read Replies (3) of 25814
 
E!

I am back(for a while anyway). I hate when I am right about a stock that I like...but when I said if LSI breaks 18+ level I didn't see any support until it got down to the 12 level....well...yuk...it looks like that is what we have now.

207.95.154.130

May now take some base building and accumulation for a few weeks to month until we see any serious move back up. The gap at 16-18 looks difficult to fill at this time. LSI is so beaten down that it didn't drop much yesterday and doesn't go up much today. So little interest. There are just too many other choices than LSI right now.

Wilf really timed that Symbios deal poorly, since he could have been buying back LSI now with their cash at bargain rates instead of spending it all on Symbios( boy did those Symbios guys make out like bandits). Well I sure hope it was worth it. I wonder if anyone could tell us if a stock purchase would have been better then a cash purchase given the way the stock price turned out.

oh well, we'll leave Monday morning quarterbacking to Frank Gifford and company.<g>

Good Luck

DavidG
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