3SOF

toros · June 15, 2005, 08:23:06 AM

La-Onda....Actually, what that form says is that the CEO was given an OPTION to buy 500K at $7.94 until 6/13/2012, so that doesn't mean he is buying them right now (RIGHT TO BUY, NOT BUYING RIGHT NOW !!!! )...

David Randolph · June 16, 2005, 08:39:15 AM

LSI went down and tried to close that little gap I mentioned but it couldn't. That's actually bullish behavior, there were so much stocks to be bought near that level that competition between buyers didn't let the $7.62-$7.66 area be reached.

Not a problem, I'm a bull in LSI until the earnings release in July 27th.

David Randolph · June 16, 2005, 05:56:41 PM

Bulls are still bidding LSI higher. We are expecting strong results from the company in July 27th so it seems there won't be any reason to sell until we approach that date.

David Randolph · June 18, 2005, 01:42:08 PM

Ok, I'm getting a reason to sell: the stock is losing momentum. I think that she came so far from the bottom that she won't leave the opportunity to close a gap that I show below. But I'll be a seller on that gap close, not because the stock isn't bullish, it is, I just think there are faster horses out there. Even economists know that capital goes where the highest rate of return is

David Randolph · June 21, 2005, 06:47:09 AM

Not selling LSI. The stock came down to milimetrically close a minor gap and recovered near the end of the session - that's a bullish behavior.

David Randolph · June 22, 2005, 04:04:11 AM

After that "close the gap" trip LSI came back yesterday. There's reason to believe $8.39 is on reach.

David Randolph · June 22, 2005, 05:43:02 PM

Certainly there was no new technical information from today's market action on LSI. We've had this news from the company:

Fujitsu, LSI Logic, Supermicro and Bell Microproducts Deliver First Serial Attached SCSI Solution

I'll hold the stock.

David Randolph · June 23, 2005, 05:33:22 PM

I've sold LSI at the $8.39 level. The stock closed a gap at that point, I don't know why she was up so much today. I got an 8% profit, not much, but I followed a previously made trading plan.

basanlas · June 23, 2005, 05:43:14 PM

Quote from: David Randolph on June 18, 2005, 01:42:08 PM
Ok, I'm getting a reason to sell: the stock is losing momentum. I think that she came so far from the bottom that she won't leave the opportunity to close a gap that I show below. But I'll be a seller on that gap close, not because the stock isn't bullish, it is, I just think there are faster horses out there. Even economists know that capital goes where the highest rate of return is

David,

What I really like about you and learning is your discipline to stick to the plan. You stated back on the 18th that you would sell at the gap and you followed through. Not saying after it crosses that maybe it'll go higher, let's see how much more it'll run,etc....
Thanks again, Brad

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