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Technology Stocks : LSI Corporation

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To: Wolf 2 who wrote (17157)	2/23/1999 10:23:00 PM
From: Beachbumm	Read Replies (1) of 25814

I am partly just venting my frustration. I certainly didn't think I'd be holding LSI for a year and a half just to break even! I was thinking of selling April 30s or 35s because April expiry is the week before earnings come out for Q1. Bound to be some choppiness which is actually good for the options players. On the other hand, am I a fool to short a stock with this momentum, which just made a new 52-week high? Seems like the techies will have even more reason to pour in; I mean, the chart must look pretty good here. On the other hand, this weakness in the world bothers me. Even Cramer doesn't enthuse about technology here. I don't really know what the crap to do; I just don't want to go back to the bargain basement -- been there, wasn't happy!! Beachbumm

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