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Technology Stocks : Lucent Technologies (LU)
LU 2.705+1.7%Dec 11 3:59 PM EST
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To: RavBruce who wrote (1687)3/21/1998 11:24:00 PM
From: Richard Ruscio  Read Replies (1) of 21876
 
BBS,

I owned LU from both the spin and more after. I sold on Thursday. Here's why:

1) It went up a lot, real fast.
2) I expect a poor general market before the end of April.
3) I expect LU will decline by up to 10%.
4) My transaction costs are $12/trade (Waterhouse web trading - highly recommended).
5) I trade (mostly) in my and my wife's IRA's. Taxes ? not.

And, I once upon a time owned LOTS of IOM (and AMTX). Learned my lessons about taking money off the table every once in a while.

Cheers.

rr
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