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


To: jach who wrote (3993)9/8/1998 6:22:00 PM
From: Daniel W. Koehler  Respond to of 21876
 
jach

Sold my Sept 40 calls for a double today. Could of had a triple if I'd have hung on til the close.

I think we'll rally up to noon tomorrow up to 48 and then pull back to 45+. Looks like resistance at 48-50. Like the rally but thought it was too abrupt.

we may retest 42 and bounce prior to expiry. Bought some Oct 45 puts today just in case. Plan to get some more Dec 40 calls if we retest 42.

Daniel

PS. Looks like Tim called the bounce back to 45. The guy is good!