Qwark:
It's always a pleasure to meet another person with a long-term
view, in what is basically a short-sighted world. <g>
I've owned LVLT since before it's split last year. I bought some
puts a while back, to effectively stop the reduction in my gains
on the stock at $55.00. From what I could read, it was generally
accepted that $60. was some crucial support number. When it broke $60,
I put on the hedge.
I have NO intention of getting rid of my LVLT, but as a wise man
once said:"When the whole market is going down, there is no such thing
as a safe stock." Again, I've read a couple places that $44-$45 is the
next technical support level for the stock.
IMO, and just my opinion, certainly not a prediction or recommendation!, we'll see more weakness in all stocks. Partly
just the normal ebb & flow of the market, partly those people who
want to go to cash because of Y2K hysteria. (Yeah, I think Y2K is
a bunch of "cow feces" that is being hyped to the hilt by book peddlers & lawyers, but it only takes @5% of investors to yank money
out of equities, funds & 401(k) equity investments to make a BIG
dent in the market.)
Anyway, I appreciate you allowing me into your boat to ride out this
rough sailing. I'm sure we'll both enjoy ourselves when we get to
prosperity island. <g>
Best Regards,
Doug |
