While I accept your statement that market valuations are heavily dependent on perception rather than reality, sometimes such perception can become reality. I also reaffirm that Lucent over the long term will continue its ascend (pun intended <g>).
Yes, the spike was just that, but eventually the uptrend will resume.
Again, in a year or so, if the price is in the $40's (without split), it will show for that year that you were right and I was wrong.
Had you own LU recently, (including the spike), writing a call at those high levels, or better yet, buying a put would have been a nice strategy, (and given the subsequent fall, a nice profit, provided the position was closed).
As they say..... only time will tell (or is it tel.)
Z. |
