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Technology Stocks : Alcatel Telecom (ALA)

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To: Falcon who wrote (55)3/21/1998 1:37:00 PM
From: Oliver Ruppert  Read Replies (1) of 285
 
Alcatel is not a sleeper. It is one of the most heavy traded stocks on the Paris bourse. It is WIDELY followed in Europe, it plays in the same league as Siemens.
I bought it January 1997, and sold a bit too early in Jan this year. The recent run-up has made the stock expensive. I would wait for the next retraction before buying again.
European stocks have become quite expensive in general. Has anyone seen what happened to Olivetti ? (up more than 200% from its lows....)
-oliver
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