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To: E_K_S who wrote (25448)	11/21/2002 11:59:26 AM
From: Andy M.	Respond to of 25814

Interesting, but interpreting option activity always confuses me, because I can't grasp the meaning of the terms and because people use them to hedge as well as to make outright bets. Your analysis may be spot on, though. Andy

To: E_K_S who wrote (25448)	11/25/2002 2:53:48 PM
From: E_K_S	Read Replies (1) \| Respond to of 25814

Lot's of option activity for the January LSI $10 calls. 3688 contracts traded at an average price of $0.40. It appears that most of these are new positions. This can be confirmed tomorrow when looking at the open interest numbers. Today the net open interest is 5914 contracts. If this number increases, it indicates an expanding open interest. Typically, the stock price tends to move towards the largest open interest strike price. An expanding open interest as well as call roll-up buying is bullish. We are beginning to see this for LSI on the January $7.50 calls as buyers seem to be rolling up to the January $10 calls. The Open Interest for the January $7.50 calls at 4194 contracts will decrease over time as the open interest for Jan. $10 calls increase. The 200 day moving average is still falling and is now around $10.25. A cross above the 200MA is considered another bullish indicator for the stock. EKS