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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (16175)	9/6/1998 1:09:00 PM
From: Larry S.	Read Replies (2) of 53068

Dan, LSI and VLSI look about as oversold as any stock that i have seen, however that does not mean they are going to just reverse and go up. They both announced negative earnings projections, which is kiss of death. LSI has a relative strength of about 15, which is ridiculously oversold. stochastics are bottoming, but have bottomed before without a rise in stock price. VLSI looks stronger on a technical basis, primarily because of the total destruction of the stock price. PIR, as much as it has gone down, looks the weakest of the three. It sure is more fun when the stocks go up. larrry

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