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

To: Moonray who wrote (14088)	8/6/1998 12:17:00 PM
From: Tech Watcher	Respond to of 25814

I still haven't seen the combination of price and volume to discourage me from believing LSI will do well in the medium term. It has drifted lower on historically light volume. Even yesterday's drop of just 5/16 on 1.6 million shares was insignificant. The media is forcing a lot of "scared money" out of the market. (1.1 Billion in redemptions Aug 4th) I knew it was time to become fully invested when my ex-wife called and asked how I survived the "stock market crash". These so-called journalists don't have a clue that the Dow 30 and the Wintel-Dellsoft are NOT the market - just a couple overpriced segments. To read the headlines, you would think that people should be jumping off buildings. There haven't been any signs of institutions running for the exits from LSI. To the contrary, the last few weeks I have seen a lot of down ticks on small volume interspersed with rapid rises on spurts of high volume trading. If the price drops a point on 3 to 4 million shares, then I will probably be gone for the short-term. You can't fight it when the institutions start unloading. Better to sit on the sidelines and wait for a bottom. SOXX and LSI up 4%. Probably won't keep it all by the end of the day, but hang in there until the big volume comes back to LSI to tell you what the stock's fate will be for the next 3 to 6 months. - Tech Watcher