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Technology Stocks : Lucent Technologies (LU)
LU 2.500-0.8%Nov 28 9:30 AM EST

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To: LWolf who wrote (1992)4/2/1998 10:30:00 PM
From: freeus  Read Replies (2) of 21876
 
Dear Laura,
Yes LU is fantastic. May I say I told you so?
Besides it is a great well respected company that will never disappoint us, although I dont expect this present free flight to continue.
But yes, what Dulane did is very very intelligent. How can you lose margining to buy a company like Lucent (or Dell or Microsoft) when they are about to split. You can indeed make enough money to get out of your margin and keep some shares (in this case a heck of a lot more than I have!!!!!)
We need to put that in our cap for the future: one reason I would like to be out of margin to do that kind of manuvering, besides buying on true dips.
Coca cola is the next, I believe. If it stays at these levels it will split and go up too (maybe not as much as lucent but enough to make enough to keep some shares "free"). And again its a big blue chip that is loved by investors.
How to make money and sleep at night dreaming peacefully.
Good luck:
All of us in Lucent will continue to do just fine! Lets remember before the next split though what Dulane has taught us!l
Freeus
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