Mr. Fun, you made Marketwatch...
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On the message boards:
LU-sing ground
Also: Foundry buzz
By Shawn Langlois, CBS MarketWatch
Last Update: 7:13 PM ET Oct 18, 1999 NewsWatch Join the discussion
The stock market slaughter persisted on Monday. Sure, the Dow closed in positive territory, but the NASDAQ continued right where it left off last week -- down ... way down. Victims littered the market, but some stocks have felt the recent pullback more than others. Lucent Technologies (LU: news, msgs) swooned for the fifth consecutive trading session, and investors on the message boards have seen enough.
DJohnson pointed to the bottom line on Raging Bull: "LU has heavy debt. In these times of interest rate hike concerns, debt is not good. Stay away from LU until either 1) interest rates fall (unlikely) or 2) LU rids a lot of its debt (also unlikely) ... LU will continue to tank. Buy companies in today's market which have next to no debt and you'll be OK."
Just stuff your pillow, advised Ed on Silicon Investor: "If you believe the Internet business will explode in the next 10 years, and companies like LU will benefit most from this industrial trend, well, just hold these stocks for the next 10 years, and you will not regret it. Forget those analysts, turn off CNBC, and hold your stocks tight , no matter what , do not sell. If you want to win, you have to be in the party."
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Updated:
10/19/99 5:45:20 PM ET
JNaughton had enough "time to buy" talk : "Sheesh - Mondays. Are we a value stock yet? I don't need no more stinkin' buying opportunities! Still waiting for the earnings runup!"
Speaking of earnings, Mr. Fun forecasted some good news: "The bears are piling on, but it is a huge mistake. This quarter will be strong. The analysts on LU are a bit like the blind men and the elephant. Everyone, hang in there, it's always darkest before the dawn. Dawn comes about 7:00AM on October 26."
Can it get much darker for LU shareholders? The stock is down nearly 30 percent from its high. Hopefully, next week's earnings report will paint a rosier picture of this troubled telecom equipment giant.
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