Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Land Shark who wrote (6713)	3/19/1999 1:41:00 AM
From: Gerald Walls	Respond to of 21876

CPQ, that's nothing, I bot LU @ 105 last August just after it peaked. Split rumors were abounding and I bit. I rode it all the way down to the 50'ies (wrote some covered calls along the way mind you). I bought my initial position in CSCO at 70 on 1/28/97. I then doubled my position at 57 on 2/25/97 (plus a put for insurance) on the way down to the bottom where I cashed out my put for a small profit (within 2 points of the bottom). I added a third lot of the same size at 83-5/8 on 12/11/97, and since then it's split 3:2 twice. But that first couple of months sure were gut wrenching with my initial lot losing about 1/3 of it's value.