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

To: thomas hayden who wrote (14967)	9/12/1998 7:14:00 PM
From: patrick tang	Respond to of 25814

I saw a discussion of that report in this week's San Jose Mercury - one of the assumption was China will devaluate. That report was out when yen was pushing 147 and up. It has since trended down to 130. I think the China devaluation thing is off for the time being. I do agree that if China devaluates, the whole thing is off. Off everywhere, not just California. patrick

To: thomas hayden who wrote (14967)	9/12/1998 7:53:00 PM
From: Bill Hermesmann	Respond to of 25814

I can add very little to the exceptional product and industry posts on this thread (which are much appreciated), but I can add something on the technical trading aspects of the stock market. I say this with a firm belief in the old Wall Street adage that "there are no rich chartists." As upside gaps are extremely bullish, downside gaps are equally bearish. While it is true that most gaps are filled, WHEN they are filled is far more speculative. If there is a "technical" rally or "bounce" in LSI it will never fill that important gap in the short run. At the very best, the stock would reach the lower end of the gap (around 17) and then retreat. Whenever LSI fills that gap it will be due to some powerful fundamental incentive, and a strong signal that the stock will be going significantly higher in the near future.