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


To: Skywatcher who wrote (16875)2/5/1999 1:29:00 PM
From: country boy  Read Replies (1) | Respond to of 25814
 
Chris:

Was that 300K a buy?

FNS, Herb, and all:

Most depressing, I must say---what a correction. I'm seeing support on the Naz in the 2300 area; anybody more technical see different? I sold LSI at 26 and went short MU at 79. I just covered MU and made good $. Unfortunately, this pullback in LSI was much more than I expected, like a lot of you; you were right, FNS. I bought yesterday at 24 1/4, and got stopped out today at 23 1/2.

It's trying to hold at 23, but after yesterday's late session drop, I'm holding my temptation in check to buy here at 23. It's not a bad price, one would think, but 21 is better, and I sure won't bet that we won't see it. I suppose the best thing to do is wait for a turnaround in the overall market and sell-stop at whatever resistance LSI breaks.

cb,with much less enthusiasm than last week