Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.670

-1.5%

Jan 23 9:30 AM EST

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To: The Phoenix who wrote (9715)	9/29/1999 11:19:00 AM
From: Bindusagar Reddy	Read Replies (1) of 21876

Gary, LU is consolidating last 6 weeks, when it breaks we shall see a new trading range of 80-90 by DEC. I have been watching block trades of 400,000-500,000 on buy side last few days. Retail invetsors are bailing as institutions are accumulating. Goldman Sachs says they are on a pace to ship 1 billion dollars of DWDM equipment in 1999. They announced multiple contracts over the last few days. They will announce 150 million DWDM contract with QWEST next few days. They will win Saudi 5 billion dollar deal and much more. They will show improvement in DSOs and inventory turnover with upside EPS surprise. All these + Fed news will propel us to new highs. FYI, I sold CISCO 2001 puts for 70 and 80 Bullish but cautious. BR

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