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Strategies & Market Trends : What happened to FBNA?

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To: Bill Ulrich who wrote (11)10/9/2000 1:16:17 AM
From: EL KABONG!!!  Read Replies (2) of 22

Let's be fair about it (Lucy).

For a long time now, I've had a buy target on Lucy (LU) at 35. In all seriousness, I never really dreamed that I'd actually see that price. When the stock dropped to 36 5/8 (which at the time was a new 2 year low), I jumped all over it with both feet. In retrospect, I'd have been wiser to wait 'cuz I coulda got in under (way under) my original target of 35. But looking back on it now, based on the information that was available then, I'd still probably make the same decision. LU would appear to be a very good long term hold at the current trading range. I could be wrong, and it wouldn't be the first time. But my gut tells me that LU will be back in the not too distant future. Perhaps a few quarters or more may be necessary, but they'll be back.

And, look on the bright side. I got lots and lots of shares of the spinoff, Avaya (AV). In its first week's debut, it went from 26 to 14 & change, so... <very wry grin>

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