Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.555

-0.8%

Dec 31 3:59 PM EST

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To: hitesh puri who wrote (10402)	10/20/1999 9:44:00 PM
From: Bindusagar Reddy	Read Replies (1) of 21876

Hitesh, is it possible that 16+ million shares of LU shares are coming into market has something to do with the short term weakness, especially when everyone is nervous about it. Shorts are taking advantage of this weakness by spreading FUD, resulting in further downward pressure. Everyone is trying to explain this weakness as a true fundamental problem of the company. Company is doing great. It is the short term stock holders sitting at the edge that are not doing well(SICK). People like Cramer need explanation for every downward movement of the stock. Sometimes stock goes up and down based on supply and demand of the stock in a short term period. In long term, however, there are enough smart investors who gobble up the shares. Look at MSFT, it went to 85 from 99 only to jump back to 92 today. That is the type of nervous markets we are dealing with. BR

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