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To: DavidG who wrote (14301)	8/18/1998 9:42:00 PM
From: frank/fla.	Respond to of 25814

we will know tomorrow.....still have not heard from LSI.....they know this is crucial so we might hear from them before the opening..

To: DavidG who wrote (14301)	8/18/1998 10:11:00 PM
From: E. Graphs	Read Replies (2) \| Respond to of 25814

We've got some pretty good long term support here, and a double bottom intraday at the close..........was surprised things didn't go better after noon since that double test of 19 in the morning held well, and it seemed as though we were off to the races before that large block came through........must have been on the sell side, I guess that large block just sitting there caused the initial selling and test of 19, and then after the block sale more weak hands sold.......causing capitulation. Wolf is right about many good opportunities out there, so no need to hang on to a dog going down. The one good thing about this is that it is now most likely done. Patrick never got an answer for what is the short interest of LSI?.....I'll see if I've got it somewhere. The whole thing seems odd. Only good solid news and future expectations from the company.........not gangbusters next quarter....flat.....but no need for a sell-off.........pretty weird. So, I'm guessing it was short manipulation.......because of the strategic placement of the block sale and because there's been no news, and none that I can possibly dream up, for this kind of a sell-off. Wilf made a comment that shorts would have a tough time messing with LSI now that the Sony business is "smaller".........maybe the shorts have found some other BS to pull........that's why I asked if LSI was mud in the street. Perhaps the stock is never going to reflect the company........ All just guessing...........

To: DavidG who wrote (14301)	8/19/1998 12:02:00 AM
From: Mark The Trader	Respond to of 25814

Dave , $ 12 a share is almost book value which is usually reserved for those companies that lose money so I think that target is a bit on the low side without some major lousy news event. There has been a lot of put activity over the last 2 days , some of which looked like a roll over to Sept puts. Even though the stock was down it had more buy side activity from what I saw, although there was a lot of activity in-between the bid/ask so my observation could be wrong. Anyway I bought some Jan 99 15 call options. Mark