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Stock on Fire for today: LSI

By David Randolph · June 10, 2005 · 1 min read · 589 views

LSI Logic Corporation (LSI). The Group's principal activities are to design, develop and manufacture high-performance integrated circuits and storage systems. The Group operates in two segments namely, the Semiconductor segment and the Storage Systems segment.

Let me show you a all history chart for LSI:

Over the medium term we see the stock found strong support on the $4 level and is making an attempt to design a multiyear double bottom (far from confirmation. Yet):

Yesterday's action was very encouraging. It was the second strongest volume we've seen this year with a powerful engulfing candlestick pattern:

So I'm buying LSI at the open. I will be with 15 holdings in my portfolio, which is the maximum we allow. But I'm selling some stocks too. I've already said which ones from my portfolio I'm going to sell, just check the answers of the buying posts.

Everyday our team scans and filters 11000 stocks to come up with the 3 best stocks to buy on a short term basis. We run a diversified public portfolio which is up 101% since May 2005. We have great traders in our community which take advantage of short term opportunities in stocks instead of criticizing those movements.

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Stock on Fire for today: LSI

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