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

To: RavBruce who wrote (1687)3/21/1998 11:24:00 PM
From: Richard Ruscio  Read Replies (1) | Respond to of 21876
 
BBS,

I owned LU from both the spin and more after. I sold on Thursday. Here's why:

1) It went up a lot, real fast.
2) I expect a poor general market before the end of April.
3) I expect LU will decline by up to 10%.
4) My transaction costs are $12/trade (Waterhouse web trading - highly recommended).
5) I trade (mostly) in my and my wife's IRA's. Taxes ? not.

And, I once upon a time owned LOTS of IOM (and AMTX). Learned my lessons about taking money off the table every once in a while.

Cheers.

rr



To: RavBruce who wrote (1687)3/22/1998 11:56:00 AM
From: t36  Read Replies (1) | Respond to of 21876
 
i think i have a hard time comparing lu with iomega...i am planning on hopefully holding on to lu for at least 5 to 10 years, i wouldn't ever think of doing the same with iom..my opinion..sue


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