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Technology Stocks : Lucent Technologies (LU)
LU 2.645-0.2%11:40 AM EST
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To: Anonymous who wrote (8973)8/6/1999 11:48:00 PM
From: Anonymous  Read Replies (2) of 21876
 
Geez! I haven't been here since August 2. I sure had to wade through a lot of "stuff" to catch up to this point.

I would say that LU is really about 3.6% down from where it was on June 28 when it closed at 65 11/16. The run up from there to 78 7/16 on Friday, July 16 is just the push that seems to be a fact of life with this stock just prior to earnings announcement. It has happened quite often in the last two years.

It's too bad that this room gets so confrontational everytime this stock goes up rather quickly and then falls back even faster.

That rise of 19.4% or roughly 12 3/5 points from 65 11/16 to 78 7/16 and then back down again is hard to look at for those who are long but that is life with this stock. Hindsight sort of pees everyone off doesn't it? Woulda, coulda, shoulda, huh!

On paper I saw at least one years salary go out the door. I try not to let it bother me that much. I rationalize it by just looking at the trend and hoping it wont fall much further down. I don't see LU going anywhere for a while until the market gets over its jitters.

And incidentally, every thing I'm invested in in the market, be it individual stocks or mutual funds, they are all down since Friday, July 16.

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