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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Sam Ferguson who wrote (21855)	1/7/2000 8:29:00 AM
From: Larry S.	Read Replies (2) of 53068

LU - i think this sell-off in LU is giving investors with a perspective longer than how long coffee will stay hot an incredible opportunity. But I wouldn't rush in today. My experience is that sell-offs on the first day is not the last. Give the stock time to settle. LU may well be a different situation, but there likely will be some institutional money moving out over the next few weeks. It has very high institutional ownership (anyone know where to get that percentage online?) The chart shows strong support near the 50 price that it crashed to last night. A great company just had a 27% off sale, IMO. Probably will be flippers and vultures heaven today, right Ron !!! larry

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