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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (5927)	1/6/2000 8:06:00 PM
From: RockyBalboa	Respond to of 10293

LU is really a fiasco that explains why i won't stick my nose into it. Being the scapegoat, I don't see any else today. Have you noticed that LEH set a price target of $95, maintaining buy at LU, just today at 12:10. Sick. However, every time a big name misses revs/earnings the market gets more distrusting and vulnerable. A stop is simply set for capital protection measures. It is a mental stop and causes a 3% loss in a 1/3 stock 2/3 cash portfolio (or part of a portfolio). On the other hand nothing prevents the stocks going down 30%, 50%, 70%. Consider the 10% sort of an acid test....it could be 9 or 12% but lies distincively above an estimated 10-day standard deviation.