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Technology Stocks : LSI Corporation

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To: E. Graphs who wrote (17427)	4/16/1999 12:51:00 AM
From: FNS	Read Replies (3) of 25814

E, Graphs...been staying away for awhile: >> see nothing wrong with Intel's chart. Looks like the stock is pulling back from a major breakout of a huge H&S consolidation pattern (sporting multiple shoulders) which started November '97 and ended Sept '98. Intc tanked as I thought it would but not soon enough for me...now things should improve and am long...LSI looks great and should kick ass as it double tops at 38... Some comments from Dorsey on 4/7: >>The daily and monthly momentum are positive, and the weekly momentum has just turned over to positive this week after having been negative for 5 weeks. The bullish price objective is 47 using a horizontal count and 55 using a vertical count. LSI is a stock that can be bought. Ideally we would like to get in on a slight pullback to the 31-32 area. Initially we will give this one some latitude with respect to a stop, and will use 19 1-2 which would be a violation of the bullish support line. We will look to raise it as the chart develops. cheers! FNS

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