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


To: Robert E. Bruss who wrote (3384)7/29/1998 6:27:00 PM
From: J. P.  Read Replies (1) | Respond to of 21876
 
<It's always nicer if someone else is doing the panicking.>

I feel your pain, I'm long the stock also! But I like Lucent so much, I'd rather ride the storm out than lock in my capital gains and give all the money to Uncle Sam, so he can squander it on Ken Starr's investigation. : - )

Around 90 for a consolidation? Sounds good to me. We seem to be hitting the lower Bollinger Band, and I am by no stretch a TA, but as a quick and dirty analysis it usually works. Even if we break through it, it'll probably only be a short lived condition. I'd buy at any price below the lower Bollinger Band. (Not that I'm going to until I detect the market in general is on an uptrend, and I'm hoping it's not for a while, we need to flush all this 'easy' money out of the market, so we can start the process all over again!)