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


To: Shahen Petrosian who wrote (1914)4/1/1998 7:36:00 PM
From: Jacques Tootight  Read Replies (1) | Respond to of 21876
 
Shahen,
I'm far from being an expert but I'm thinking we won't see a long
post split run up. There is a normal Fri sell off as traders tend
to take their profits before the weekend. Remains to be seen if
there will be enough new individuals buying Fri to offset the traders.
Tomorrow should be a good day though.

When I guess a dip I don't mean a long one. I think it will sell off
next week to 62-64 and rattle around establishing a new base. No more
than a week, ten days and then a nice slow steady march back to $130
when we enjoy another split Apr 1, 1999. Oh joy!!

I bought May 125 calls too on Monday, so obviously I don't think
you have anything to worry about with yours. Just watch and enjoy,
and don't get nervous if they back up just a little bit.

This bad boy is not, I repeat is NOT, ever going to look back for
very long.

Best of luck,

RC