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To: shane forbes who wrote (10004)2/23/1998 12:47:00 AM
From: sea_biscuit  Read Replies (2) | Respond to of 25814
 
(And perhaps over the next 10,000 posts, last more than the 1 miserable day that we have managed to trade above his $46/share. )

Very good observation! I wonder if the thread-father is still active here...

So it came down from 56 to 46 "for no particular reason"(sic) and yet, during the next 2 1/2 years, went down nearly to 1/3rd of 46 and has traded below 46 all the time except for one measly afternoon!

I know of a friend who got off at 54 and was the subject of ridicule for a couple of weeks when the stock raced from 56 to 61 in one day! If I remember right, he got back in at 21...

Dipy.



To: shane forbes who wrote (10004)2/23/1998 8:56:00 AM
From: Jock Hutchinson  Read Replies (1) | Respond to of 25814
 
Dear Shane, I don't find LSI's short interest all that meaningful since a lot of it is held by day traders who are "short the box" on a day to day basis in order to take advantage of drops in the price and avoid the downtick rule for shorting a stock as well as avoiding momentary dips. On a day to day basis these divergencies appear when LSI is out of synch by a few ticks from other semi prices. LSI is an excellent stock for using this technique, and I recommend it highly for those day traders who love the high beta of LSI--a beta that reflects your "Good LSI Bad LSI" scenario.