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


To: shane forbes who wrote (7974)11/26/1997 12:11:00 PM
From: Duane L. Olson  Read Replies (1) | Respond to of 25814
 
OWO, I recall one time when the famous E! was wrong -- she thought she had made a mistake....
I'm joining the 19 vice 27 side of this at least partly to be contrary. Have long subscribed to the E! scenario here...watching that resistance at the 24/25 level with a nice chart target at 27 --- not to mention that handy gap around 27 that is just aching to get filled in.. But a retest back towards the lows seems also necessary, perhaps with a close at some point in the 19 and change area (which, if it occurs, brings forth floods of my spare cash -- perhaps hundreds of dollars of spare cash, to drive it back above (finally) 27. So, here's how I win this...LSI attacks that 24/25 resistance..soars towards 27 3/8, intraday, when news of another major Japanese bank failure arrives, driving LSI to a close at 25 5/8, from which it plunges back down to 18, intra-day, with a close at 18 15/16.. at which point TSO declares victory, a lifetime First!;LSI then soars above 30, TSO cashes in 85 LSI options-- and Retires..(again). TSO
With this plan before the Board, I expect E! will hand over the prize a bit early --- BTW, what's the prize?
And yes, I could learn to love a 7.5 bagger!
OLE!!