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Technology Stocks : Lucent Technologies (LU)

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To: Mark Duper who wrote (6398)	2/22/1999 1:32:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 21876

Sold LUCB at 4 1/4 will buy it back at 2 to 2 1/2 cover at 4 3/4. the option depreciates at around 1/8 per day for steady prices of LU. Implied volatility is around 52%. The reason is quite simple we are at the end of month and the rally may continue into first week of March. Haim

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