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

To: uu who wrote (8445)	12/14/1997 3:26:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

The one thing that I have become a bit concerned has been the volume with all high techs. Volume has increased dramatically and the price is dropping drastically. That might happen initially. As we get to the later stages of the game (possibly after mid-Jan 1998 and almost certainly after mid-April 1998), it would not require a whole lot of selling to bring the prices down further. Once that happens, any subsequent rise would require huge amounts of buying. And the likelihood of that happening is not very high. At least not in the near future (i.e. during 1998). You have said on various occasions that you are weighted 85% to 100% in tech stocks. Such overweighting in a sector that has had a great run during the last 6 years or so, is like playing with fire. You will be severely tested in 1998. I wish you lots of Good Luck, and let me tell you right now that you are going to need all of it! Dipy.

To: uu who wrote (8445)	12/14/1997 10:12:00 PM
From: Duane L. Olson	Read Replies (1) \| Respond to of 25814

Addi, O SLB, Here's the current LSI chart, and going in to Monday, there is no indication of any significant reversal yet.. Nor even the start of that possibility! ..http://207.95.154.130/chart/default.exe?PERIOD=120&time=day&chart=bar&chart1=bb&volume=y&rsi=y&stochastics=y&momentum=y&symbol=lsi The stochastics are now down into the teritory where, if we were to get a reversal, there could be room for a very nice rebound ((You mean, like all the way to 27 ??!! Yes, E!, all that way -- <gg>)). But so far the chart remains a "Mangy Bear Chart,(Tick, Tick, Tick) not a "slick" SLC chart :-( ... IMVHO, of course.. TSO