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


To: Bob Howarth who wrote (20892)12/18/1999 3:00:00 PM
From: Glen2  Read Replies (1) | Respond to of 25814
 
LSI gave us a great buying opportunity this week, but I was too busy wondering why it was down in the first place. I should have doubled up.

As for MU, I re-entered two long positions on Friday: a bull-call January spread and some OTM January calls. I anticipate an earnings run, (announcement is after the bell on Wednesday) followed by a post-earnings fall. MU will announce great earnings. However, there is considerable momentum money involved here that drives tremendous volatility. I think that the great MU earnings will give lift to the semiconductor sector beginning Thursday.

Good trading this week, Glen