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

To: RavBruce who wrote (2092)	4/7/1998 12:38:00 AM
From: RobZ	Read Replies (1) \| Respond to of 21876

I for one would rather have 100 shares of Lucent right (making new highs) now than 1000 shares of IOM (making new lows). I prefer my stocks to be making new highs, not new lows. Just my humble opinion. Good luck!

To: RavBruce who wrote (2092)	4/7/1998 1:21:00 AM
From: qdog	Read Replies (1) \| Respond to of 21876

I prefer to have great companies that have good earnings, but the market shuns it becasue it ain't sexy and juicy. Example F, last year was a narrow traded issue at around 33-38. P/E was around 6-8 range. Great cash flow, growing earnings, huge cash on hand, but the street didn't like it. Looked good to me. It was definitely undervalued. Same with oil stocks four years ago. Street loves them now even though oil has tanked to 6-9 year lows. Same with drug stocks in 94, everyone HATED drugs. There wasn't any fundemental reason other than Clinton threats of health care reform. That was a classic case of real cheap value. Now look at them, bloody things are on fire. Just because a stock falls, it falls for different reasons. The Netscapes never had the earnings to support the price. Never should have risen as high as it did. Same with Iomega. As much as I love LU as a company, it pains me to see it become the groupie stock that it is right now. I love the management, but is this a realistic price for the stock? I certainly don't think so and took a position that is holding with my belief, mainly a combination of cover calls and short term put's as I don't feel like selling the stock itself. Rather pay tax on small short term profit than on this holding. Each to their own and invest according to your homework and certainly not on mine or others.