Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Graphs who wrote (10763)	3/10/1998 8:53:00 PM
From: DavidG	Read Replies (3) \| Respond to of 25814

E! I don't know what to say except that LSI looks like it's playing follow the leader with VLSI.<g> I was going to mention that double top too, but you beat me to it. That is why I sold everything at 26 1/4 to 1/2.(Although I bought it back at 25 and sold it all again when it broke support at 24 3/4. But this stock is like a huge magnet...b/c I then bought it back at 22 5/8 and after seeing some selling into rallies over following days I wound up selling at 22 1/2. Well oddly enough, I bought again today at 21 1/4 expecting a support at 21. When I got back to my computer this evening I was amazed to see a new monthly low of 20 15/16. So I am kicking myself in the butt again thinking now that this falling "safe" is going down to 20. This is no different than last quarter, it must be the Kurlak jinx on it and we probably should just get out of the way until there is at least one good bounce. Also those DRAM Co's have to go somewhere and they keep talking ASICs so maybe institutions are starting to believe them now. I think they also believe LSI has no role in TCI contracts(Just an opinion). BTW, I hate to leave you alone in your contest, but I'll definitely take 19 over 27 (even 25 1/4 for that matter)<vbg> DavidG

To: E. Graphs who wrote (10763)	3/10/1998 9:26:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

E: You're right that's an i/t omen, we have short term omens, all round ominous... Except maybe long term. Graphically it's interesting that LSI has a multi-year double bottom. I know the double bottom is bullish if the double bottom was developed over a short time but what if the double bottom developed over such a long period as LSI's has? Is that significant? Or is the long term nature of the shape mean that we should ignore the first bottom and call this a single recent bottom as opposed to a long term double bottom. So now we are heading for a real double bottom, a long term triple bottom or a collapse below 19. Life is fun. You know what worries me near term we have not heard any retractions of the bullish sentiment on the semis from the likes of Pru and others. At some point if this PC thing is real they will go negative and that might scare more scaredy cats out of the stocks. Life is really fun. Shane.