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

To: shane forbes who wrote (12444)	5/15/1998 11:48:00 PM
From: Hightechhooper	Read Replies (1) \| Respond to of 25814

Shane, Well, well long time no see. I have been getting back in this game over the past few weeks and wanted to let you know that the selling from 29 to 23 has been led by the institutions. It started with large block trades at 29 then 27 then 26 and finally 25. At that point there were no more institions left on the buy side but a wall of sellers remained so from 25 to 23 the large sellers have been distributing there shares off to the little guy. They do this in waves. First letting support build then hitting all the bids, then letting support build again and once the little guy is confident they hit all the bids again and drive the price back down. Whenever the instituional sellers have taken a break the price bounces back which says the little guy is the buyer and the big boys are sellers even at these prices. In fact, 2 minutes before the close today One MILLION shares were offered at 23. Yes ONE MILLION at the ask for 23. Now that is scarey. Does someone know something we don't? Something does not add up with this scenario. The conference call as you know was extremely positive as have been all the public statements, but something is happening behind closed doors that we cant see OR LSI is still being punished for its great debacle of 1997 or maybe orders have suddenly weakened and news of that has leaked out. One thing is for sure. This company is not marketting itself very effectively to the investment community. Ask TI what they would pay for LSI today and the number won't start with 2 that is for sure. I think they are completely overwhelmed by the events of last year and have forgotten that they still have a story to sell to the investment community even if growth isn't significant right now. Also they manage the analysts very poorly IMO and are not trusted by that group (I have much evidence of this that I can't fully elaborate on). They are doing a very poor job in this area right now which makes me hesitant to get in too early because without a good effort on the selling front the price will not move in advance of the results. The risks of the new fab startup are just too big. Anyway, I am rambling now but just wanted to let you know that it is indeed the big guns that have lost faith in LSI while the little guy seems to view it as a bargain. Maybe its time for you to talk to Diana again, the 800 number is posted on the yahoo message boards. I tried to explain this to them (LSI folks) but they were in denial and thought that the selloff was a tech thing and not an LSI thing. Today was a tech thing. From 29 to 24 was an LSI thing. I'll be interested in hearing what you are told. Even though you have a type C personallity you can't get a good perspective on your investments by sitting behind a computer screen just reading all day. You have to talk to the people, rather than simply having them talk AT you. I know you can do it buddy. Look at it this way, at least with a phone call you can't get lost. The worst that can happen is you get a wrong number! Take Care, K