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Technology Stocks : Lucent Technologies (LU)
LU 2.890+2.5%Nov 10 3:59 PM EST
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To: TCGNJ who wrote (13080)1/30/2000 4:14:00 PM
From: sunfish  Read Replies (1) of 21876
 
"What's the consensus on the thread"

There were some "sky is falling" types posting that LU was crashing into the 40's (or below) as LU hit 55-50; these were not regulars to the thread. They always seem to fly into a thread during times of panic. They do a service to those who have the stomach to buy stocks during pull backs by depressing already-beaten-up stocks even further.

However, many (most?) on this thread seemed to believe that LU is good value at these levels (50-55). I personally expect LU to recover in 6 mo. to a year to its all time high of 84. This would give someone a very nice 50-60% return over that time frame without much risk of more than a 20% decline. I don't think you can do much better than LU here on a risk-reward basis. LU could easily go over a hundred (a double) over the next 12 months.
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