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

To: Diamond Jim who wrote (7187)	4/12/1999 1:26:00 AM
From: Bindusagar Reddy	Respond to of 21876

A WALL STREET JOURNAL News Roundup (some real News not olds) U.S. business leaders have been cautious in their response to last week's progress in China trade talks, torn between pleasure with detailed commitments by China to open its markets, and the failure of the Clinton administration to close the deal. One of the most surprising concessions offered by China was to allow foreign companies to get more involved in that nation's telecommunications business. Carly Fiorina, head of Lucent Technologies Inc.'s business to global-service providers, said the proposed deal would allow those service providers to build their own networks, and would enable Lucent, of Murray Hill, N.J., to export equipment to China without paying tariffs. Ms. Fiorina is confident an agreement eventually will be reached. "My sense is that everyone has been talking in good faith, and there is really a commitment to move ahead here," the executive said.

To: Diamond Jim who wrote (7187)	4/12/1999 2:18:00 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 21876

Well, as I have said before, it is simple... Slowly add to the bunch.... then sell covered calls, as we expand in price... Hopefully I do it at a level, they do not call them away from me.... but if they do... oh well, I will suffer the profit and the premium... then buy them again... Hopefully in a dip... and then start all over again... So far... no need to re-purchase them... but I am afraid this time, the buyers were more eager than what I anticipated... so they may call them away.... However... thanks to CPQ... who knows, it may be enough to push Lucy below the strike price... (I doubt it however). This coming week is expiration (17th... last trading day on the 16th). Apparently, the ghost of christmas Compaq is coming to scare the entire market as it appears by the evidence from Globex, that we may get a shaking this week.... How deep? Who knows... It may be that could be enough for a dip.... and then the proverbial, "wheu that was thrilling... let's go up again... What? Compaq earnings disappointment... ah yes, well, that was last week. who cares!" We shall see....