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


To: Tunica Albuginea who wrote (1251)2/23/2000 2:33:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 3891
 
Dunno Tunica...my call is not official yet, but I don't think I've called this stock wrong in over a year<g>...hence my great success with options on this one. FWIW I also hold about 815 shares of stock that I have no plans on selling at least over the next few years. If it continues selling off tonight and tomorrow morning you're probably right, but I think there is a good possibility we were looking at a knee-jerk retail selloff. The drop, at least in the US does not look to be institutional selling to me. In fact, looks like institutions are buying heavy into the retail selling.

The stock has been stable since shortly after the open, and incredibly bullish block buying. Hope it can muster up that close over 44.

FWIW, we appreciate all opinions on this thread, be them favorable to our positions or not. We always welcome and appreciate honest opinions from the short side also.

sf