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

To: Bill C. who wrote (12082)	5/2/1998 3:07:00 PM
From: Charles Skeen	Respond to of 25814

Yes. Ken Tower, of UBS Securities. I think. A technical analyst. My own technical viewpoint: the stock double-bottomed around 20, broke 3 fan lines to the upside, is now trading above the 50-, 100-, and 200-day moving averages (all in the 25-26 area). To me the odds are 75/25 that the next move is up (assuming no change in other background items, such as Southeast Asia/Middle East/Bond Market, etc. There is a lot of support between here and 20 so I think 20 is unlikely, barring a major stock market calamity. While I don't know his record, I would not put put much weight on Ken Tower's opinion of this stock. Though I may play stocks like this for the short term sometimes, it seems to me that LSI is well-positioned for the long term. Charlie.