[Entering Position in LSI Corporation (LSI)]
Dear Member:
LSI Corporation (LSI) has broken above the resistance in the recent channel. Since early February, the stock has been rolling between about $4.75 and $5.50. It now appears to have made it above the $5.50 level affording an opportunity for me to get in around the $5.55 level. A close below the $5.50 mark without a move back above it the following day would be reason for me to get out. I am placing an order to buy shares at a limit of $5.55.
DISCLOSURE: At the time of publication, I have no position in LSI.
Sincerely,
Bill Kraft
|
