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Technology Stocks : Lucent Technologies (LU)

LU 2.645

+0.8%

Dec 8 3:59 PM EST

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To: RetiredNow who wrote (1738)	3/25/1998 7:53:00 AM
From: Ted Downs	of 21876

mindmeld, I'm holding a large amount of LU since 31 and am very bullish for Lu in the future. However, I think you probably did a wise thing taking some money off the table by selling some to get in cheaper later. The market and LU is irrational and these 100 pt. up days will not last forever. The rise in Lu has to correct at some point. This won't affect me or people who got in at much lower prices, but anyone who bought at prices over $100 should be concerned. Bubbles don't expand without breaking at some point. This market scares the hell out of me. I'm glad there are circuit breakers because I've seen those -600 dow days and I'm nervous. Not nervous for stocks I'm in at low prices , but nervous for all the others where I'm close to even. The professionals doing buy programs have been driving this market for some time now and they also make money when they start the sell programs. They don't care which way the market goes only that it moves. enough said. Good Luck to all. Ted

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