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

To: Charles Tutt who wrote (17630)	4/1/1999 11:12:00 AM
From: Jock Hutchinson	Respond to of 25814

Since I have posted the curriculum vitae of the NYSE LSI specialist on this board including a link to his picture, I am well aware that he is of course a specialist rather than a market maker. Sometimes I use the words interchangeably, and of course market makers are on the NAZ, and specialists are on the NYSE. Having traded LSI on a day to day (and often minute to minute basis) from April '95 to February '98, I can tell you that the day after an upgrade for LSI is without exception a down day for the first half of the day. It is that simple. By "levitating", I mean that in the broader sense this particular specialist is very aggressive, and he "stretches" the movement of LSI both intra and inter day much more than the average specialist. This is what made and would still make LSI such a great stock to day trade. Currently, I do not trade LSI on a daily basis. If I did, I would never post to this board, because my biases would cloud my judgement. Rather I have a soft spot in my head for the type of company that LSI represents--a company still under the control of its founder who is a risk taker very willing to reinvent his company in order to survive in the high tech cyclical jungle of semiconductors.