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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: MStonek who wrote (8633)	7/16/1999 10:44:00 AM
From: Ronald Allen	Read Replies (3) \| Respond to of 21876

I agree that it probably not wise to step in front of a moving train. That is why I plan to get out on a small dip rather than wait for the stock to collapse. I have always had trouble valuing growth companies and LU is no exception. A good case could be made for LU selling for 50 or less rather than 77 but I have no idea how far up or down it may go the rest of this year. I simply look at indicators which tell me when prices have moved too far too fast in either direction. At the very least, LU is due to pause and pull back a bit. I'd be delighted if it fell 10 points on the earnings news but will be happy to make 2 points. I've learned that the less greedy I am, the more money I make. Hopefully, we will both be winners on this one. I'll take my quick profit next week and everyone else can ride this one up to 100. Ron