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To: E. Graphs who wrote (14305)	8/18/1998 10:53:00 PM
From: DavidG	Respond to of 25814

E, 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. Yes that is exactly what I was saying about the specialists. At 12:30PM high buy volume came in and drove the price up to 19 7/8 and then sell volume came in and knocked it back down at 30 minutes later. dljdirect.com It could be that the weak hands kept the fall going then there were sell programs a little after 3pm on certain techs coming in. MU and DELL were two that got pummelled and LSI kept dropping with them. dljdirect.com dljdirect.com For lack of any news it does seem like a possibilty. As you said even Wilf has taken notice of the short sellers and the manipulation of this stock. I still say this is his fault though b/c he could remove uncertainties which would prevent the weak hands from falling for these games. DavidG

To: E. Graphs who wrote (14305)	8/18/1998 11:11:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 25814

LSI hit a new 52 week low when it closed at 18 1/4 today, August 18. It is selling at roughly 14.5x fy99 earnings estimates, which happens to be about its average 5 year low PE. On a P/S ratio basis, it is hovering at about 1.9, also a low point for the year. If revenues remain flat to down, this stock could see $13 7/8 on the low side. If revenues pick up by 10% (to about $10.25 per share, which is anyone's guess) the stock could trade up to $30 per share. The problem with LSI is that there are good companies, and there are good stocks. It doesn't fall into the latter category by a long shot, and most investors find themselves constantly trying to catch a falling knife...and wishing they had simply bought INTC.