Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Moonray who wrote (14435)	8/21/1998 12:14:00 AM
From: Carlson	Read Replies (1) \| Respond to of 25814

Moonray: I spoke to my broker at Gruntal today. He stated that they had lowered the rating from strong buy to buy. Also the 12 month target was reduced from 40 to 30. Revised estimates are as follows: Sept 30 12 cents vs 23 cents previous estimate Dec 31 20 cents vs 35 cents previous 1999 estimate dropped to $1.45 It is interesting to note that LSI was picked as the stock of the month in the latest Gruntal Newsletter. I had a bad dream last week. I dreamt that LSI would preannounce and the stock would drop to 15. I wish I would have acted on my dream. I have been selling huge amounts of naked calls against my position. I got over $2 for the Jan 2000 Leaps when I did my trade. I am betting that the stock will not reach 30 by January 2000. The broker told me yesterday that he would avoid LSI in spite of the Gruntal Buy recomnedation. Wait for business conditions to improve and then buy. I think that is good sound advise. In the interim I will sell more naked calls as the opportuinity arises