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

To: Nathan50 who wrote (3567)	8/10/1998 12:47:00 AM
From: JRH	Read Replies (1) \| Respond to of 21876

I do not want to get hammered by buying at ultra high multiples. Why pay more when in due time I can pay less for a quality company? Ahh...market timing. Not my specialty! I know the circumstances were a bit different, but people have been saying the same types of things for years about companies like DELL and CSCO. If you just dive in and hold it and set your goals as long term, today's price will be a steal in another year (assuming market conditions stay the same). But, heh, if you want to wait it out, more power to ya'! BTW, what is your strike target for purchasing?