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

To: uu who wrote (14459)	8/21/1998 10:27:00 AM
From: Samuel R Orr	Read Replies (2) \| Respond to of 25814

I like your sense of humor. Being a careful and prudent investor, I watched LSI for around a year. Last Monday, convinced it had reached close to a bottom I bought some for $18 3/4. As if to show how good my judgment was, it rose to $19 7/8 for a brief while. Then Bobbie Burns famous phrase, "The best-laid plans O' mice and men gang aft a-gley," took over, and the rest of the week has been "grin and bear it" time. I do want to remind everyone that as of 10:20am on Friday, the DOW is still up around fifteen points for the week. Where's the party! Please send me that psychic hot line number once you obtain it, and tell me when they ring the bell that shows business is improving. I could have done worse by investing in Russian hedge funds. Regards, Sam

To: uu who wrote (14459)	8/22/1998 12:01:00 AM
From: Carlson	Respond to of 25814

Addi: I wish I knew where the bottom was. Earlier this year I got my shares called away from me at 25. When it got down to 20 I thought it was time to reenter. I thought the Chairman of the Board Buying at 23 showed confidence in the stock. I sold a large amount of naked calls at 25 and 30 strike prices for 1999 and 2000, so when the stock starts to move I have to buy the options back or buy the stock to establish covered positions. I am looking for some sort of catalyst to move the stock up..ie. positive earnings surprise with forward looking statements that the future is brighter than expected. I know when this happens it will not be the absolute bottom- but I will feel confident that we have confirmed an upward trend.