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

To: Maxer who wrote (3318)	7/27/1998 12:06:00 AM
From: J. P.	Read Replies (1) \| Respond to of 21876

<I don't think you are going to see the 80's for a while unless the market goes into a heavy slide > Maybe, I'm long the stock so that's fine with me. I've made great capital gains on all my options speculation since June 12 when I was tremendously bullish on large cap tech. But now I can't find a compelling reason to believe the market can sustain a rally without some sort of correction, back and fill, or whatever you want to call it. I actually think a good 3 month selloff would be a good thing at this point since a lot of the leadership stocks are looking very over bought here, even with profit taking. Message 4839433 I'd like to see the nasdaq drop back to the low 1800's and form a base then jump back in after a consolidation period. That way we can do some cherry picking and not have to speculate a messy choppy market which has sold off the highs.