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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jack Whitley who wrote (48)	8/10/1998 1:11:00 AM
From: BubbaFred	Read Replies (2) \| Respond to of 7247

Whitley - LSI is a good company in the semiconductor industry which, presently, is not endeared by Wall Street. It is trading below its 50-day and 200-day moving average and there is not yet sign for the 50-day m.a. turning up. It made a glorious run from mid 1993 to late 1996, but has been declining and under performing S&P500 since mid 1997. It is bouncing off previous recent support of 18-20, and it has potential to pop to 33. MUST place protective stop loss at 18. If breaks below 18, it will go down to 10-12 range, the previous older support. I will consider this play at 19-1/2 with stop at 18. I will not hold for long term, because end year tax loss selling is getting near. Mention LSI again in late November - I think it will be a better play at that time, after most of the tax loss selling has taken place.