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


To: rairden who wrote (25142)8/14/2002 2:21:30 PM
From: Andy M.  Read Replies (1) | Respond to of 25814
 
Rairden,

Actually, I got out again at 6.5. I was spooked by AMAT not meeting its previous order growth guidance and so overnight I put that limit order in, which executed about a half hour ago. Normally, I would want between 5-10%, but as I say, I was spooked and today I feel lucky to get out with a small profit. I've been stepping down my buy limit price and my sell price, because I'm mainly using this money as a hedge against my long positions: I'm trading this stock as if the bear market will continue. But I'm trading against the downward trend which means I have to be fast to take advantage of bounces. Probably makes more sense to be short, but I can't think that way.

Andy