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

To: Bindusagar Reddy who wrote (9666)9/24/1999 7:07:00 PM
From: The Phoenix  Respond to of 21876
 
Well, My TA friends tell me that the market is poised for more selling. But TA isn't always right ;) I dipped my toe in today and yes.... I did buy more LU. Also added to my CS postion...took a small position in CNXT and well.. don't laugh but I dipped my toe in the water on COMS too. Eeeesh. I still have a load of cash just in case this pup continue to move down. I don't expect any return to bullishness until November. What do you think???

OG



To: Bindusagar Reddy who wrote (9666)9/24/1999 11:37:00 PM
From: Techplayer  Respond to of 21876
 
BR, Let's see a little more irrational fear. I need a deal on something. I was looking at the chart of last October and despite the gut wrenching volatility, the Nasdaq was up something like 10% for the month (1612 on 9/1, 1771 on the 30th and if memory serves me correctly, low to mid 1300's on the 8th as a low). That would be nice to see repeated in terms of %, though a 20% drop in a week would be very painful to endure again. Brian


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