Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.730

-0.5%

3:59 PM EST

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To: KYA27 who wrote (12538)	1/10/2000 2:53:00 PM
From: Billy K.	Read Replies (2) of 21876

Gotta disagree..reason as you state, "LU stopped bleeding" so quickly isn't because insiders are holding compared to that of Cisco. It's has more to do with valuations...Lu just took at 20+ bath and all the bottom fishers are out thinking their getting a bargain driving up the stock. Also, shareholders that didn't see the drop coming at this point feel they have no choice but to hold considering the alternative which is to sell a depreciated stock for a loss. I have two problems with LU at this point, 1) 4 brokerage firms come out to downgrade this stock after the 20+ decline, however, the same firms loved this stock when it was at 80+...does this make sense. Second, considering shareholders at this point realize Lu management misinterpreted the demand for their 80ch-DMSW, and probably won't be able to meet demand for some time..why are they holding on to this stock considering they the have a broad range of stocks like JDSU, CSCO, etc. LU shareholders will be lucky if LU ever tests 60 in the future..personelly I don't see this coming for another 2-3 quarters.

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