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Technology Stocks : Alcatel (ALA) and France

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To: zbyslaw owczarczyk who wrote (1691)5/4/2000 11:45:00 AM
From: Steve Fancy  Read Replies (2) of 3891
 
Hi Zybslaw,
I'm pretty happy. Little soon to congratulate myself on the excellent call of 50 plus by mid may, even in the dire circumstances of 38 land, but I think we's going to do it. In fact, I expect a nice market rally *ahead* of the fed meeting, and expect this rally may take us to ALA all time high of 55. It's rare that I'm as confident as I have been on this call, but there was never a doubt in my mind. I don't believe I've missed a several month call on this stock yet.

Anyway, congrats to ALA and all the good ALA'ers and NN'ers. What do ya all think out there? I think ALA has just raised investor recognition considerably and is justifing an continued higher multiple.

I will consider selling half my June 40 call position at 55. Stock continues to be an hold/buy in my book and has once again established a solid story to remain as part of my core position.

sf
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