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


To: RFF who wrote (10477)3/3/1998 9:25:00 PM
From: shane forbes  Read Replies (1) | Respond to of 25814
 
RFF:

You are welcome. Now one of these days I'll figure how to transform the knowledge into wise stock purchases. Then I'll be truly happy.

Briefing's take thus far:

Before you pick up the phone or connect to your online service to issue that sell order,
consider that declines always come harder and faster than advances... Techs had become
overbought during the strong Jan-Feb rally and were due to pullback... Given scope of
recent setback, much of the selling is already done... With excess nearly wrung out of
marketplace, look for tech sector to begin healing process as early as today.

----

FWIW this is the way I see it. Should be plenty of opportunities for trades both ways in the next few weeks. But be careful - earnings specific news (don't expect LSI to be warning anytime soon! I think they are doing fine) will smash the high-fliers. The dogs ain't going down much any more.

----

Shane.