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Technology Stocks : Lucent Technologies (LU)
LU 2.590-0.6%10:48 AM EST
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To: OldAIMGuy who wrote (15833)8/25/2000 1:52:30 PM
From: Anonymous  Read Replies (3) of 21876
 
"Do you feel the fundamentals at LU are finally becoming "rational" or is there further down-side from here?"

Personally...I hope this is the bottom of the trough. I got back in two weeks ago (Thursday - 8/10) when it closed at 41. I felt the stock had slid about as far as it was going to and there was support at 40.

A week ago it closed at 43 and I was hoping for a slow up-trend to develop with a lot less volatility than in the past. There did seem to be some accumulation happening on Tuesday and Wednesday last week when 19 mill shares and 21.9 mill shares traded on those days, but alas, there was still some selling to go through as we dropped back this week to once again find the stock hovering around 40 - 41 again.

We may have to stay down around this price for awhile and put up with big money coming in for a couple of days at a time and then watching as selling into the small pops that occur happens when those strategies are employed.

It is a wait and see game. The next couple of months leave me wondering. I can't say that I have one iota of what is going to occur as Avaya is spun and then the Microelectonics spin develops. How is the STREET truly going to value the entire process. I sure wish I had a crystal ball that worked!........ANON
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