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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: JakeStraw who wrote (566)	1/14/2000 2:27:00 PM
From: Esway	Read Replies (2) of 5499

14:09 ET Lucent Technologies (LU) 53 1/4 -3: --Update-- Stock sliding again; CNBC reporting that stock is being hit by class action lawsuits announced today, but such lawsuits are no surprise after an earnings warning. Barron's/SEC rumors mentioned earlier on this page are the real factors behind the selling; not the lawsuits. 12:46 ET Lucent Technologies (LU) 55 1/8 -1 1/8: --Update-- Dow Jones is reporting that LU says it is not aware of any accounting probe; stock rebounding from an intraday low of 53 1/4. 11:33 ET Lucent Technologies (LU) 55 5/16 -15/16: Stock under pressure as two rumors make their way around trading desks; there is talk that Barron's will run a negative article this weekend and that the SEC is looking into accounting issues at LU. Traders view the latter rumor in particular with a great deal of skepticism.

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