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

To: Herb Duncan who wrote (1721)	5/5/2000 11:43:00 AM
From: Steve Fancy	Respond to of 3891

Hi Herb. Yup, with options, always take your time frame for a given price target and double it at a minimum when selecting a month. Ideally triple or even quadruple if possible. Works for me just about every time. In my experience it's not hard to identify value, but you can never predict when the market will realize it or external market events. I wish I had gone out to the end of the year, but am happy I bought June. Still holding June 40's and hope to unload between 55 and 60. Downside even at 53 seems very limited to me unless CSCO somehow takes the whole sector down with it next week. I hope to see some effect from the 5-1 stock split on May 22, and hope to see the Euro reverse course here soon. FWIW, I plan on holding my ALA stock for a minimum of 3 years. At this point I've got a triple on the stock in a year and a half. I expect more of the same going forward. regards, sf