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

To: Jock Hutchinson who wrote (14277)	8/18/1998 4:30:00 PM
From: Jimbo Cobb	Respond to of 25814

What's wrong with this PIG ?!?!?!?!?!?!?!?!? Down on heavy volume as most of the big tech names EXPLODE !!!!! LSI is acting like a piece of crap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (must be time to mortgage the farm on this baby !!!!!!!!!!!!!!!!!!!!!)

To: Jock Hutchinson who wrote (14277)	8/18/1998 4:36:00 PM
From: David Mullins	Read Replies (1) \| Respond to of 25814

Possible reason from thestreet.com: Silicon Valley: Vitesse, Applied Micro Strangely Slammed in Ciena Selloff By Marcy Burstiner Staff Reporter 8/18/98 3:16 PM ET SAN FRANCISCO -- When Ciena (CIEN:Nasdaq) fell 24% Friday, some investors reasoned that, since the shin bone's connected to the knee bone, networking chip makers like Vitesse (VTSS:Nasdaq) and Applied Micro Circuits (AMCC:Nasdaq) would also suffer. They reasoned wrong, but the chip makers' stocks still suffered.... While this does not refer to LSI, doesn't LSI compete with these, and so is perhaps suffering a similar sell-off?

To: Jock Hutchinson who wrote (14277)	8/18/1998 4:47:00 PM
From: DavidG	Respond to of 25814

Jock, Just an afterthought on another reason for selloff. It could be related to option expirations afterall they burned all calls down to August 20 real good today. The max pain on the highest open interest was 20, 22.5, and 25. As you can see high volume today. cboe.pcquote.com Also PUT volume for Aug 20's were very high. Low volume stocks like LSI can be easily manipulated for the option premiums by Specialists with maybe $20 million. DavidG

To: Jock Hutchinson who wrote (14277)	8/18/1998 4:53:00 PM
From: rairden	Respond to of 25814

So who was the big buyer at 12:30? Sudden 300,000 shares bidding the price up to the intraday high. The real selling started around 1:50 pm. I can't believe the buying and selling were done by the same entity. A puzzling chart, given the overall market strength today. Followers of Micron will note a similar late-session weakness. Let's see, I could average down further if I sell my Cisco... NOT!!!! (The sad thing is that much of my LSI position was bought with proceeds from way-premature sales of Vitesse. What a masochist.)