Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jock Hutchinson who wrote (20158)	10/13/1999 7:07:00 PM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 25814

I would add that there appears to be the potential for a double bottom having been formed today, which would mean some sort of long-term support. But the volume today was the heaviest in months, and quite frankly, there was more selling than buying. Thus, this appears to be a key inflection point.

To: Jock Hutchinson who wrote (20158)	10/13/1999 7:18:00 PM
From: MulhollandDrive	Respond to of 25814

A friend on the RMBS thread told me if the TA and the FA don't agree, trust the TA. Right now the TA on LSI looks pretty bad. bp

To: Jock Hutchinson who wrote (20158)	10/13/1999 8:46:00 PM
From: David Perfette	Read Replies (1) \| Respond to of 25814

bp: I agree. The volume has been significant. There is clearly some serious selling going on, and it LSI goes much lower, there is a story that has not been told. Moreover, some of the companion semis such as ALTR, TXN, and others did somewhat better today. Thus, we can speculate that if LSI falls another ten percent there is something that is amiss and not yet revealed. Jock and Thread, I think too much is being read into this. I've been through a great deal of volitility in the past couple of years with tech issues and it has been my experience that FUD plays more a factor in these situations then actual fundamentals. There has been a lot of talk of TA and concern that someone out there knows something to the deteriment of lsi that we don't, and that this recent pull back on high volume could be evidence to that, as mentioned above. I don't agree. I don't see LSI trading significantly different then the rest of the semi's to warrant these concerns. There is no more reason to be concerned today then there was two weeks ago. As I briefly mentioned, I have been through a considerable number of instances, of widely varying degree, of a stock taking a downward swing and EVERY time there was this same talk. Ultimately, roughly 90% of the time, though probably greater, it was FUD. I have found it is good to have a game plan to help deal with these times. I think if you do the DD, and you have good credible sources that stay on top of the situation, then it is considerably easier to disseminate quality information from stupidity, and sound reasoning from the irrational. In particular to LSI, every thing I can recall reading has been pretty good. There seems to be a number of quality analysts and others(including people on this thread), that stay on top of LSI's situation. I would think that its reasonable to expect that if there was something amiss behind this downturn and it was known widely enough to have such influence on the price, that it would also be known to some of these qualityanalysts. Just my humble opinion, -David P.

To: Jock Hutchinson who wrote (20158)	10/13/1999 10:18:00 PM
From: country boy	Read Replies (2) \| Respond to of 25814

Jock: Overlaying the charts of ALTR, IDTI, CY, LSI and even MU, for the last two months, show many similarities: mainly sector weakness; I don't think today's action, despite 5 million, indicates a bad report coming up. If so, they're all gonna get it. Rather, LSI has been showing very low volume compared to the others until today. Along with everyone else, I'm more concerned with the overall market bringing us all down---S&P falling below 200 day again and all that...Can even good earnings hold LSI and semi's up in a bad market? cb