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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (224)	12/3/1998 8:07:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

From a fundamental basis LSI is more or less fully priced IMHO, from a TA point of view LSI needed to fill a gap which it did. Several months back there was an article in Barrons about LSI with a target price of around $20, were we are now. (0.75 x 25 P/E = $19) My recommendation was pure based on TA and I am out of LSI bit early but that is life. From a stock market point of view they will try to run LSI to around $22 to $24. By then we will re-check the market place again. SLB is on the verge of making a third bottom, price of oil beats all odds and I suspect that oil may stay down until March to May next year (which assumptions may prove contrarian <gg>). Those formations are very tricky from a TA point of view. SLB may prove to be a nice trading stock to skimp $1 to $2 per trade for several monts both ways. In general I think unrest will start in the ME around March April next year and SE Asia will give more sign of stabilization which in turn may turn the price of oil up and also SLB. BWDIK Haim