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

To: E. Graphs who wrote (14265)8/18/1998 3:32:00 PM
From: DavidG  Respond to of 25814
 
E,

I am certain of only one thing and that is that I have no any idea what is going on with this company. Now I have to admit I did something brilliant today which at the time I thought was reckless and that is I sold most of my LSIJD and LSIJE at the TOP! It was just getting too close to October with no sign of recovery.

I just started buying some January calls at the bottom. The only mistake I think I am making is getting back into the stock. I will probably dump everything if this sucker breaks 18.

Now my gut feeling is that this is not a believable rally and institutional sellers and leveraged sellers are getting rid of the weaklings...hence LSI one of the first to go. Second LSI will be a great tax loss so until that process unwinds LSI should be dead money unless some phenomenal news comes out.

DavidG



To: E. Graphs who wrote (14265)8/18/1998 3:51:00 PM
From: David Mullins  Read Replies (1) | Respond to of 25814
 
Yowza, broke the 52 week low today on very heavy volume.
Still, I don't think it's anything fundamental, but managers
raising cash, selling into strength. What p*sses me off is
that MU is at 34, up from its low of 20, and its situation
looks far worse. MU just has more kissy-*ssed analysts to
hype the stock. Any guesses about where we are heading this
week?


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