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


To: Tony Viola who wrote (18482)5/18/1999 4:05:00 PM
From: bodie  Respond to of 25814
 
si



To: Tony Viola who wrote (18482)5/18/1999 4:30:00 PM
From: E_K_S  Respond to of 25814
 
To Thread - I noticed that the Jan 45 year'00 (LHXAI) call options were opened today too! Interesting that as a result the stock hit a new high... look's like a coiled spring ready to pop. In March'99 they opened the Jan 40 year'00 (LHXAH), this stock went from $28 to $36 in less than five trading days finally closing around $34. The March $30 calls went from $0.50 to over $4.00.

My target for Jan'00 is still between $55-$70. Selling the LHXAI will allow you to lock in $51 $5 3/4-$6 1/8. It appears that the market is still looking for LSI to go much higher.

EKS