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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Bob Howarth who wrote (1240)	2/23/2000 11:26:00 AM
From: Steve Fancy	Read Replies (2) \| Respond to of 3891

Nah Bob, I had bought them...fortunately cheap. From the standpoint of an ALA hedge, definitely one my of least well thought out plays of the year. I had assumed ALA would hold the mid to high forties and that worst case would be breakeven on March 40's by today. ALA surged up 12 points or over 4% points out of the gate in Paris, then apparently the news hit regarding the share dilution. Honestly, I expected the news to drag ALA down, but didn't anticipate 42. ALA could be heading for 38 unless they can convince the street this was a good move. Anyway, looks like the NN nightmare becomes the ALA nightmare...at least for now<g>. She'll come back, the question is where is ALA a buy. Could be here, could be 38, hopefully no lower. Despite the rough start, welcome to all you NN'ers<g>. sf