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

To: JeffT who wrote (3600)	8/11/1998 3:06:00 PM
From: LWolf	Respond to of 21876

Jeff...thank you L

To: JeffT who wrote (3600)	8/12/1998 7:29:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 21876

Jeff, there is no protection when buying calls unless using them to cover puts or a short position and therefore they are very risky. It does not matter whether it is short or long term options, they are all very risky. Short term options are more risky, obviously, because you have less time to recover. If anyone took Laura's advice when the stock was at 105, they would be worrying right now. It is the ultimate risk if you are betting that a stock will go to a certain level in a given period. It's gambling, plain and simple. If you just bought the stock at 105, you stand a better chance of recouping your losses at some point. It may take a while, but at least you have not lost everything as with an expired worthless call. As to your comments on stifling opinions, I have no problem with people voicing their opinions on here, you are right that is what this is for. But when I see something that does not appear to be entirely true or does not tell the whole story, I feel it is worth correcting. Don't take it as a personal attack, Jiff. Regards Rob