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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: J_W who wrote (20124)	10/12/1999 10:03:00 AM
From: country boy	Read Replies (1) \| Respond to of 25814

Jim: I was also disappointed with LSI yesterday; 3/4 of the volume occurred in the first hour and interest just dried up. I'm not dumping anything, though. The way I read the chart, which is highly suspect, is support at 50 is holding well but the 13 day EMA is acting as short term resistance (55). I'm not at all certain of a visit to the 40's, or I would dump and repurchase. Novellus has good earnings, INTC to come this PM---the sector could turn this week. IDT still below its 13 day EMA, but CY has now closed above it. I'm not sure what you call a triple bottom is applicable on such a short time frame; to me it's just a sucky trading range with 50 the bottom. Of course, if we close below 50, 46 seems certain. All just my backwoods opinion. cb