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

To: Jorj X Mckie who wrote (6399)	2/22/1999 12:50:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 21876

Tom, what do you think now? Clear sailing to $120? Sup.

To: Jorj X Mckie who wrote (6399)	2/22/1999 2:37:00 PM
From: X Y Zebra	Respond to of 21876

Tom... As you know, I own LU... this is what I would do... I would wait for LU to get to 110 or more.... then, as I see the Quasimodos of the Internet rushing in to buy, I wait until I can see the white of their eyes, as they come at me, I take the July calls and sell them with gusto....(covered calls). Who knows, we may even hit 120 in the not too distant future.... All July calls LUGB 13.375 to 13.875 (110) LUGC 11.50 to 12.00 (115) LUGD 10.00 to 10.125 (120) There will be plenty of time and enough volatility that once these Quasimodos have finished giving their tax return money to the market (under the fallacy that a "split is good for a stock")... As the stock retraces back... I may buy back those expensive calls I sold.... at a lower price, and to boot, I still own the stock of a fine company. Plan B is, that if they are crazy enough to continue pushing the stock higher all the way into July (with no important retracement).... well hell, I have a guaranteed profit with the original sale of the calls.... remember that THE PREMIUM, in fact, reduced my original acquisition cost, and I try not to be greedy. Then wait for another pull back, there are always Christmas ghosts in the middle of the summer doldrums, that analysts, politicians and other trolls with talking heads are always eager to present us with these great gifts. In addition.... I have dry powder ready, as we could brake, I am not too convinced today's rally is for real.... I love the market !!! is so full of.... foo... oops! er... participants. hehehehe Alternatively... I could also gamble some of the LU and LU call profits with the Ferrari engined Volkswagen.... AMAZON.COM I did this morning but I got out too soon, as AMZN hesitated a bit and looked as it was going to roll.... out with a meager profit. But there is always this afternoon, or tomorrow... volatility galore in this one! Of course all of the above is my opinion only, no advice here.