Lucent Technologies (LU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU)

LU 2.660

-1.5%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Anonymous who wrote (15564)	7/26/2000 10:51:01 PM
From: Anonymous	Read Replies (1) of 21876

Just sitting here comparing notes since there isn't much else one can do. Back on Jan 6 when LUCY warned the stock dropped in two days from 72 3/4 to 53 15/16, a drop of 25.9% with 198,296,004 shares traded in those two days (179,263,104 the second day making it a record one day action for any company on the NYSE). The stock actually finished up a bit over the first day drop. Here we are in July and the company again comes out with a forecast that didn't sit well with the STREET. The company could have come out with figures that were 10 cents better and they still would have fell flat on their face with that flat forecast for the next two quarters. Anyhow...this time the stock fell from 64 1/2 to its present close of 48 9/16 in five trading days and so far it hasn't stopped sliding. That is a 15 15/16 point loss which represents a setback of 24.7% this time. In the last five trading days 196,850,600 shares traded and they've been mostly sells since the stock price hasn't changed direction yet. Of course today being a bad day overall for all indices didn't help. After the sell-off in Jan it took 35 trading days languishing in the 50's before the stock moved again, going from 59 1/2 on Feb 29 to 73 1/2 on March 6. That pop was of course due to the fact that the company announced they were spinning a part off...that part is now referred to as Avaya. It then settled into a trading range in the high 60's until March 22 when the guy from Texas (not George W) posted that phony but authentic Bloomberg looking post in a Yahoo chat room saying the company wouldn't meet 2nd quarter earnings or something to that affect. After that the stock dropped down into the 50's and stayed there until the short run-up before this past earning report. They thought that announcing another spin would off-set the fact that they would have flat results for the next two quarters but the STREET didn't buy this time around. Of course the ever knowing STREET may be just selling off so they can buy in later and get a ride out of the spin-off. I'm not smart enough to know anything about things like that. Anybody want to venture a guess about tomorrow?.....ANON

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next