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

To: Anonymous who wrote (6452)	2/24/1999 9:59:00 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 21876

My last move has cost me about $30K so far. I'll be glad to get it back. I usually don't say much on this thread....just like to read everyone else's posts...and notice that when this stock tanks everyone seems to be in shock. Only one post today after it headed south after 2:00 PM. Well.... first let me say I am sorry for your current losing position, however, the positive end of it is that if you are the long term investor, you may not be in such bad a position, simply because Lucent is a quality company, that in time it will regain higher grounds. No, this is not a guarantee, nor a recommendation, mere opinion. Now... on the short term... Lucent is one of the best stocks I like, because while I have confidence that in the long term its future is solid, it allows me to trade it in the short term, given its volatility and liquidity. My job then, is to identify, when (in the short term), it is appropriate to sell it and when to buy it. yes there is increased risk, but again, given its volatility, it is worth the risk. Option indeed, will ease some of that risk. As to the "momentum" players.... I do not think this is that bad, yes it is volatile, but there seems to be a "core" number of holders that won't budge, i.e. they hold it forever. Now remember, in order to have a profit, a sale needs to take place, there must be from time to time, even those long term holders, that will let go. After all, one needs to enjoy the money... watching it (while fun when it is growing), won't give you as much pleasure as actually using it. Serious momentum players are in Amazon.... now what a ride can you have on that one..... but as I have sad... Trading Lucent is like driving a powerful Ferrari.... Trading Amazon is driving a Volkswagen bug with a Ferrari engine and skinny tires.... in the rain. The market seems too choppy, there seems to be no trend... and there are some clouds in the horizon that leads me to believe there MAY be a down push... particularly if interest rates go up.... will it happen, frankly I do not know... For a reason James Carville said, that if he were to re-incarnate, he would like to do so in the form of the Bond Market.... The power wielded by the Bond Market... is something to be respectful of... Just look at the dying hours of the market today.... The Chicago boyz are the real macho men, today they said BOOO and Wall Street ran for cover... in a hurry.