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

To: The Vinman who wrote (12624)	5/26/1998 4:23:00 PM
From: Charles Skeen	Respond to of 25814

There is an opportunity to play short-term month-end market strength by taking a position in a number of stocks here, such as LSI, PMCS, XYLN. Like you, I see support for LSI at 21, then at 20. I will probably go long tomorrow. Good trading. Charlie.

To: The Vinman who wrote (12624)	5/26/1998 7:08:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

RE: Short term support for LSI is at $21, secondary at $20. I don't see it going lower than that. too early to call these the lows I think... still a lot of time to the end of summer - check out the weaker techs and you will see just how poor sentiment can become - the blood is really beginning to go now but it is only just the beginning. if this were August I would agree with your lows - this being May I think things could continue to detiorate - for the semis and the market in general and then LSI will go along for the downward draft... the thing is that with earnings they might buy the fact but then there is the July FOMC... isn't life interesting? the other thing about LSI per se is that while business is likely to be at the 3-5% revenue growth in this quarter, LSI might see a small hiccup in q3 - I'm just WAGing here. Don't see weakness now but I am always a skeptic of a big company doing extremely well while other companies in the sector are really sucking (and I mean really sucking wind). Still I am absolutely convinced that LSI will likely end the year with the highest growth in revenue YOY for any of the 1+ billion/year semis. and that is a reason to feel good... Shane.