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

To: J. P. who wrote (3116)7/20/1998 2:11:00 PM
From: Rob L.  Read Replies (1) | Respond to of 21876
 
JP, I don't see a whole lot of premium built into the Aug 100s. trading at around 7 means that the market only thinks LU will move another 5 points or so from this level. Either the option is priced incorrectly (doubtful) or the market thinks this thing is poised for a pullback (likely). As for the 6000 purchased at 6, I bet the will be sold very shortly as option players are generally very quick to take profits.

Don't get me wrong, I hope it continues to surge as I too am long. However, I think relaistically this is due for a pullback, at least to fill the gap at 95 or so. JMHO. Free up some cash and be ready to add when it does pullback.

Regards



To: J. P. who wrote (3116)7/20/1998 10:59:00 PM
From: J. P.  Respond to of 21876
 
Don't Forget Northern Telecom announces before the bell tomorrow!

If Nortel comes through with a blowout, it could throw more gasoline
on the Lucent fire!


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