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

To: DanZ who wrote (15878)	10/29/1998 9:28:00 PM
From: thomas hayden	Read Replies (2) \| Respond to of 25814

A few comments on LSI's trading pattern today. I'm a market maker in several NASDAQ stocks, one of those being AMAT. However, I was watching LSI while trading AMAT and in both stocks they were committing fresh money as if the sector was really turning around. There was huge amounts of stock for sale and bam, one trade they take 35,000 on the offering and keep going. They were buying AMAT huge today. The last time there was such panic buying in AMAT was a year and a half ago when the stock ran from 25 to 100. I'm not sure what someone knows about the industry, but the buying was impressive. It is very good thing LSI broke above 14, the next resistance is at 15 3/4 and we could even fill in the gap up to 18.