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Technology Stocks : Lucent Technologies (LU)

LU 2.820

0.0%

Nov 7 9:30 AM EST

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To: Jerry Olson who wrote (13833)	3/6/2000 4:28:00 PM
From: k_maxwell	Read Replies (2) of 21876

Jerry, for what it's worth, I also bought a mess of near-term out of the money LU call options on February 25, when the stock was at about $57 1/2 the day after it broke from the low $50's. I based my decision to buy on technical analysis, the MACD crossover buy signal, etc. I also bought more on March 1, after the news broke, and those are up 80% now. The conventional wisdom now is that it was the fundamentals (news of spin-off) that now have us at $73 5/8. But without the T.A., I never would have gotten in in the first place. I'm up over $50 grand profits on $13,000 total investment, and still have some riding. That's a home run for me. And I don't give a flying flock if Mizzou thinks it was blind luck based on reading tea leaves. I don't care if it was luck. The money is what matters! Thank you, Technical Analysis.

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