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

To: frank/fla. who wrote (10736)	3/10/1998 12:09:00 PM
From: shane forbes	Respond to of 25814

Frank: That's a great catch. I agree something's not right - that's an awfully large bet. A couple of times in the last 3 quarters or so the same thing has happened - a large spike in put volumes all of a sudden. In all cases so far the person(s) who made the bet came out big. Don't know what to say other than it looks like we are not going over 25 anytime soon. Open volume on Apr puts and calls pretty much equal now. Maybe we end at 24 1/2 on options expiration day in April... I really hope LSI does not spring another surprise on us. Getting too tired for this kind of nonsense! Have a sense that there may be weakening in consumer electronics sector in US (and Asia of course). Maybe that will impact LSI. Though they did say that they thought the effect was seasonal. The other biggie is a slowdown in workstations related stuff which could be happening though again I'm not sure. I have pretty much bottled up LSI for the longer term at this point. No need to fret the little moves now!!! Shane.