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To: Sam Ferguson who wrote (21855)	1/7/2000 8:29:00 AM
From: Larry S.	Read Replies (2) \| Respond to of 53068

LU - i think this sell-off in LU is giving investors with a perspective longer than how long coffee will stay hot an incredible opportunity. But I wouldn't rush in today. My experience is that sell-offs on the first day is not the last. Give the stock time to settle. LU may well be a different situation, but there likely will be some institutional money moving out over the next few weeks. It has very high institutional ownership (anyone know where to get that percentage online?) The chart shows strong support near the 50 price that it crashed to last night. A great company just had a 27% off sale, IMO. Probably will be flippers and vultures heaven today, right Ron !!! larry

To: Sam Ferguson who wrote (21855)	1/7/2000 8:56:00 AM
From: DanZ	Respond to of 53068

LU. Sam, LU will probably be very volatile for the next week or so, and those who are quick or lucky can probably make some bucks trading in and out of it. However, given the loss of confidence in LU, primarily among institutions, I think the stock will spend a good amount of time basing and churning before it can sustain a decent rally. Consequently, I would not recommend buying call options on the stock. The time value in the options should be sky high due to the increase in volatility and this value would come out of the options even if only the volatility subsides (irrespective of where the stock trades). This is JMO and I could be entirely wrong. I would wait for the volatility to subside and for the stock to base before considering buying options. Best of luck if you buy them, and I hope I'm wrong if you do. Dan