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


To: E. Graphs who wrote (7941)11/25/1997 12:42:00 AM
From: Duane L. Olson  Read Replies (1) | Respond to of 25814
 
E! O Most Honored Mystic, The DJX is getting a lot of trade, which makes for easier in/easier out, and maybe not so big a haircut in fast markets, IMO.
Update:http://www.cboe.com/index/dowjones/index.html
Hey, that resistance for LSI in the 24/25 region that you called proved to be even more "resistant" than I would have thought... I was planning to lighten up some options around the LSI 27 region if it could have broken through.
How serious did you take the hit to the tech stocks in general today?... that was a lot of damage that might prove difficult to overcome, no?
Thanks again for the help! So far the "turmoil" is proving to offer opportunities for the nimble -- or the "quick" (versus "dead"), in the current parlance... Ciao! TSO



To: E. Graphs who wrote (7941)11/25/1997 10:59:00 AM
From: DavidG  Read Replies (1) | Respond to of 25814
 
E!

"OT"

VLSI is getting its ass kicked again today.
Do you know any fundamentals other than a few slight downgrades that may cause this. SEA??? Seems to be doing what LSI did past couple of months. Down 12 in three days. Really nasty.

If it can't hold 20 level it should see 15-18 with days or weeks?
What is your opinion? I don't hold any but always look to bottom fish around falling safes and knives.<G>

I felt LSI was starting to form bottom with upward bias last week.. but is now acting in sympathy with VLSI. Me personally I have no sympathy after what we went thru with LSI so I wish it would stop.<g>

Good Luck trading

DavidG