Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.545

-0.6%

3:59 PM EST

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To: J. P. who wrote (3116)	7/20/1998 2:11:00 PM
From: Rob L.	Read Replies (1) of 21876

JP, I don't see a whole lot of premium built into the Aug 100s. trading at around 7 means that the market only thinks LU will move another 5 points or so from this level. Either the option is priced incorrectly (doubtful) or the market thinks this thing is poised for a pullback (likely). As for the 6000 purchased at 6, I bet the will be sold very shortly as option players are generally very quick to take profits. Don't get me wrong, I hope it continues to surge as I too am long. However, I think relaistically this is due for a pullback, at least to fill the gap at 95 or so. JMHO. Free up some cash and be ready to add when it does pullback. Regards

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