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

To: ragerette who wrote (13849)	3/6/2000 10:51:00 PM
From: Paul V.	Read Replies (2) \| Respond to of 21876

Ragerette, I subscribe to Dorsey Wright's point and figure chart site at www.dorseywright.com. DW is purely technical charting and based on pure supply and demand principles. When I sold my AMAT I was able to enter CSCO at $66 and $72, EMC at $64 and LU at $64 last fall and more LU at $57.50 recently. Last year I was up 116% for the year and averaged 51% compounding for the last three years. As for giving investing advise a person must ask themself what kind of return they want, therefore, how quickly they want their money to double. I like want my portfolio to double every a minimal of 2.8 years which is approx. 25% annually. The 72 rule of thumb is to divide the return (interest rate) into 72. This gives you 7.2 years if you divide it buy 10 (10%) or 2.88 years if you figure 25%. The secret is to read, read, read and try to anticipate the trends. Now it is technology. Buy at lows and ride to the highs. I post on the AMAT site, the DW bull percentages every Wednesday from the Dorsey Wright data. Then, Gottfried charts it out for us. Additionally, I belong to club NAIC Club to do a fundamental analysis, have a local and internet SI network of knowledgeabes to expand my research and knowledge base. Hope this help you out. Just my opinions. Paul