Whats the deal with LUCENT?

CHOPTALK · Jul 6, 2005

I bought a ton of this stock 3 years ago when it droped below a buck. Then it went up to the 5 dollar range but I held on anyway. Now its just hanging around the 3 dollar mark.

Does anyone have an opionion on what I should do with this stock?

GreenDoberman · Jul 8, 2005

sell it and invest in something else, imo.

Dawoofdaddy · Jul 8, 2005

Place a stop loss order 10 cents below current price to sell enough shares to recoup your entire investment cost plus enough to cover taxes. Hold the remaining shares and scale out as you find it suitable to cash out.

If the stock rises from your initial stop loss price. Raise the stop loss price accordingly to give yourself more profit from the sold shares.

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