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


To: Tony Viola who wrote (15927)11/6/1998 11:51:00 AM
From: E. Graphs  Read Replies (2) | Respond to of 25814
 
Tony,

I disagree with that TA (that the stock faces little resistance until 20 - 21). I think the big resistance is at ~18 1/2 (perhaps 18 5/8). This is the support level that broke the chart last summer.......buyers of that bottom are thinking now to sell and break even, or to hold. It's a big plus that semis are in favor at the moment, so we'll see now how it all comes to pass......frankly, I think it will get taken out, and then target ~23, but I haven't decided about exactly when. <g> ajmho.

207.95.154.130

Thanks for the boost!

Good Luck!

E!