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

To: Softechie who wrote (18955)	2/16/2002 11:53:44 AM
From: sylvester80	Respond to of 21876

Strong buy. And I did put my money where my mouth is. I'm now in LU with 30% exposure. Bought some more at 5.31/33 area Friday and will continue to buy. My average is in the 5.7 area now, but that does not count the profits from my hedge short on NT which since I also rolled over into LU shares (average around $4.6 if you count those profits) Remember that the time to go long is when fear and blood is on the street. IMO friday's option expiration and the price action showed me exactly that. With huge support of LU at $5 (institutions will never let her close below that), this is a good price point to start share accumulation IMO.