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


To: Moonray who wrote (16847)2/3/1999 10:38:00 PM
From: DavidG  Read Replies (1) | Respond to of 25814
 
Moonray,

What....me worry????? :-)

If you want to see overbought take a gander at this<g>

askresearch.com
&color=Graph+Paper&moving=exponential&moving1=20+day&
moving2=50+day&moving3=200+day&bollinger=None&sto=15-5-5&wpr=12&rsi=8&chart=macd&macd=12-25-9&roc=16-8&mfi=13

...and the SOXX isn't much better. The way I look at is ...everything is overbought, but, relatively speaking LSI still has a lot of catch up to play before it is similarly overbought. IMO the ANALists are beginning to view LSI in a different light so maybe LSI might behave differently now. From the chart it still indicates the trend is up, and up strong, so I figure play it that way.

Good Luck
DavidG



To: Moonray who wrote (16847)2/4/1999 2:44:00 PM
From: DavidG  Read Replies (1) | Respond to of 25814
 
Moonray,

Well LSI more than filled the gap today, maybe with a little help from Kurlak<g>, so I bought a little more of LSIDE options. Made an interesting observation while making my purchase. This morning around 11am someone bought 1000 contracts of LSIDE calls and 1000 LSIPE PUTs. Usually this is done to play a stock that will show extreme volatility and movement.,,and it doesn't matter which direction.

Many are doing this with the interNUTS, and a 30-40% move makes one set of options virtually worthless while the other doubles or more in price.

It certainly worked well for the AMZN's and EBAY's but we'll have to see about LSI.

DavidG