Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: Mighty Mizzou who wrote (8891)	7/27/1999 6:23:00 PM
From: Jorj X Mckie	Read Replies (1) of 21876

I am a CSCO employee and I also do technical analysis. I believe that the overall market is going to dictate the short to mid-term direction of most, if not all tech stocks. I believe that both LU and CSCO will be successful in the long term and that they will be the last bastions of strength if we see a market correction. And I have a great deal of respect for the management teams at both companies. I would say that my attitude of respecting the capabilities of CSCO's competitors is common among the people that I work with. My comments had nothing to do with fundamentals, only technicals. As I indicated, I believe that support points are far more relevant right now than resistance points. This means that I believe that the market is looking a little toppy right now.

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